Sectoral Beta

Sectoral Beta of Bank = 0.886921761043     Sectoral Beta Interpretation

B < 0	The stock moves contrary to the market in an inverse relationship. As the market increases, the value of this stock is expected to decrease. While this relationship theoretically exists, few stocks possess a negative beta. One example of an investment with negative beta is gold.
B = 0	The stock’s returns are unrelated to market moves.
0 < B < 1	The stock is expected to move more slowly than the market. If the market rises, this stock should also rise but not as drastically as the market; likewise if the market falls, this stock is expected to be less volatile than the market.
B = 1	The stock should move in a manner very similar to the market as a whole.
B > 1	The stock has proven over time to be more volatile than the market. As the market rises, this stock should rise at a higher rate. Likewise, a more severe loss is anticipated in the event the market falls.

• Particular script’s weight has been calculated through their market cap. So number of securities and current closing price will be updated time to time.
• Particular script’s beta has been calculated by dividing the Covariance between stock return and market return by Variance of market return.
• Some sector has single script so the sctoral beta will be the script’s beta.

Data that are used to calculate the Sectoral Beta