Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-29), MCX Technologies's Beta is -0.40.
MCX Technologies Beta Historical Data
The historical data trend for MCX Technologies's Beta can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, MCX Technologies'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.
MCX Technologies's Beta Distribution in the Software Industry
For the Software industry and Technology sector, MCX Technologies's Beta distribution charts can be found below:
* The bar in red indicates where MCX Technologies's Beta falls into.
MCX Technologies 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.
MCX Technologies (OTCPK:MCCX) 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)
MCX Technologies Beta Related Terms
Thank you for viewing the detailed overview of MCX Technologies's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
MCX Technologies (MCX Technologies) Business Description
MCX Technologies Corp is focused on delivering digital transformation solutions to customer-centric organizations through integrated marketing, data science, analytics, commerce, and machine learning. It derives revenue from consulting and professional services provided through the Collective Experience, including consulting, digital marketing, data science, and process optimization. Its services and products are expected to be designed to help organizations improve customer experiences, increase customer loyalty, reduce costs, and increase revenue.
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