Octodec Investments (JSE:OCT) Beta : 0.60 (As of May. 23, 2024)

Octodec Investments Beta Chart

Octodec Investments Annual Data
	Trend	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Beta		Get a 7-Day Free Trial					0.13	0.47	1.01	0.86	0.92

Octodec Investments Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Beta	Get a 7-Day Free Trial															1.01	0.86	0.89	0.92	0.62

Competitive Comparison of Octodec Investments's Beta

For the REIT - Diversified subindustry, Octodec Investments's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Octodec Investments's Beta Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Octodec Investments's Beta distribution charts can be found below:

* The bar in red indicates where Octodec Investments's Beta falls into.

Octodec Investments Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Octodec Investments  (JSE:OCT) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Octodec Investments Beta Related Terms

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Octodec Investments (JSE:OCT) Business Description