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CSE Quoted Companies Beta Value As of Third Quarter of Year 2014 PDF
CSE Quoted Companies Beta Value As of Third Quarter of Year 2014 PDF
CSE Quoted Companies Beta Value As of Third Quarter of Year 2014 PDF
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Research Division
Level 01,No.14,16th Lane,
Colombo 03,Sri Lanka.
Name
AAF-N-0000
1.37
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AAIC-N-0000
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ABAN-N-0000
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0.74
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0.50
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0.89
AINV-N-0000
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ALLI-N-0000
0.58
0.04
0.16
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ALUF-N-0000
ALUFAB PLC
1.00
-0.40
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AMF-N-0000
0.00
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0.00
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APLA-N-0000
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0.43
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ASCO-N-0000
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ASHO-N-0000
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1.33
ASIR-N-0000
ASIY-N-0000
1.51
0.25
1.06
-0.12
ASPH-N-0000
0.75
0.69
ASPM-N-0000
0.00
0.00
ATL-N-0000
AUTO-N-0000
0.97
1.57
0.29
0.91
BALA-N-0000
0.19
0.09
BBH-N-0000
BERU-N-0000
1.46
0.48
1.18
0.26
BFL-N-0000
0.72
0.32
BIL-N-0000
BLI-N-0000
1.48
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0.69
-0.46
BLUE-N-0000
1.17
0.48
BLUE-X-0000
BOGA-N-0000
1.17
0.18
0.48
-0.38
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
BOPL-N-0000
0.60
0.33
BREW-N-0000
1.12
0.31
BRR-N-0000
BRWN-N-0000
1.78
2.21
2.20
1.78
BUKI-N-0000
0.56
0.53
CABO-N-0000
CALF-N-0000
1.85
-0.05
1.65
0.06
CARE-N-0000
PRINTCARE PLC
0.32
-0.15
CARG-N-0000
0.58
0.20
CARS-N-0000
2.07
1.81
CCS-N-0000
CDB-N-0000
0.54
1.52
-0.05
0.96
CDB-X-0000
1.52
0.96
CERA-N-0000
CFI-N-0000
1..93
1.07
1.22
1.03
CFIN-N-0000
1.19
0.72
CFLB-N-0000
CFL-N-0000
1.52
0.22
1.05
-0.20
CFT-N-0000
CFVF-N-0000
-0.06
1.40
0.36
1.09
CHL-N-0000
1.07
0.58
CHL-X-0000
CHMX-N-0000
1.07
1.34
0.58
0.77
CHOT-N-0000
CHOU-N-0000
-0.54
-0.32
-0.74
-0.54
CIC-N-0000
C I C HOLDINGS PLC
0.98
0.72
CIC-X-0000
CIFL-N-0000
C I C HOLDINGS PLC
CENTRAL INVESTMENTS AND FINANCE PLC
0.98
4.48
0.72
2.01
CIND-N-0000
0.22
0.66
CINS-N-0000
0.73
0.26
CINS-X-0000
0.73
0.26
CINV-N-0000
1.07
0.82
CITH-N-0000
1.50
1.38
CITK-N-0000
-0.36
-0.00
CIT-N-0000
CITW-N-0000
2.27
-0.26
1.50
-0.18
CLC-N-0000
3.25
2.33
CLND-N-0000
CLPL-N-0000
1.47
-1.17
0.94
-1.02
CLPL-W-0014
COCO-N-0000
-1.17
-0.17
-1.02
0.23
COCO-X-0000
-0.17
0.23
COCR-N-0000
0.60
-0.05
COLO-N-0000
C M HOLDINGS PLC
1.22
1.15
COMB-N-0000
COMB-X-0000
1.68
1.68
1.55
1.55
COMD-N-0000
-0.80
-1.20
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
CONN-N-0000
1.01
0.95
CPRT-N-0000
3.51
1.99
CRL-N-0000
CSD-N-0000
1.18
0.91
0.77
0.29
CSEC-N-0000
0.33
0.51
CSF-N-0000
CTBL-N-0000
0.54
0.25
0.22
0.46
CTCE-N-0000
1.54
0.47
CTC-N-0000
1.14
0.40
CTEA-N-0000
-0.16
-0.20
CTHR-N-0000
CTLD-N-0000
C T HOLDINGS PLC
C T LAND DEVELOPMENT PLC
2.04
0.48
1.40
-0.12
CWM-N-0000
C. W. MACKIE PLC
2.44
1.03
DFCC-N-0000
DIAL-N-0000
1.06
1.11
0.94
0.82
DIMO-N-0000
-0.02
-0.16
DIPD-N-0000
DIST-N-0000
0.64
0.23
0.50
0.28
DOCK-N-0000
DPL-N-0000
0.50
0.39
0.28
0.07
EAST-N-0000
0.66
0.26
EBCR-N-0000
ECL-N-0000
-0.30
0.22
-0.45
0.54
EDEN-N-0000
ELPL-N-0000
0.65
-0.54
0.76
0.34
EMER-N-0000
0.92
0.08
EQIT-N-0000
ESL-N-0000
0.36
0.09
0.76
-0.13
ETWO-N-0000
0.18
-0.06
EXPO-N-0000
FLCH-N-0000
0.42
-0.58
0.13
-1.13
GEST-N-0000
GHLL-N-0000
3.27
2.18
2.42
1.51
GLAS-N-0000
0.26
0.33
GOOD-N-0000
GRAN-N-0000
2.74
0.65
0.66
0.02
GREG-N-0000
-1.06
-0.85
GREG-W-0006
GSF-N-0000
-1.06
1.98
-0.85
1.98
GUAR-N-0000
0.84
0.43
HAPU-N-0000
-0.55
-0.37
HARI-N-0000
1.06
1.18
HASU-N-0000
-0.41
-0.49
HAYC-N-0000
HAYCARB PLC
0.38
0.19
HAYL-N-0000
HDFC-N-0000
HAYLEYS PLC
HOUSING DEVELOPMENT FINANCE CORPORATION
0.70
1.02
0.49
0.89
HEXP-N-0000
2.01
1.85
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
HHL-N-0000
1.55
1.21
HNB-N-0000
0.96
1.06
HNB-X-0000
HOPL-N-0000
0.96
1.42
1.06
0.60
HPFL-N-0000
1.92
0.33
HPWR-N-0000
HSIG-N-0000
0.03
0.47
-0.10
-0.15
HUEJ-N-0000
4.73
3.31
HUNA-N-0000
1.37
1.04
HUNT-N-0000
1.21
0.75
HVA-N-0000
IDL-N-0000
0.16
-0.81
0.17
-0.48
INDO-N-0000
INDO-MALAY PLC
2.04
-0.34
JFIN-N-0000
JINS-N-0000
-0.36
0.57
-0.35
0.53
JKH-N-0000
1.17
1.00
JKH-W-0022
JKH-W-0023
1.17
1.17
1.00
1.00
JKL-N-0000
KAHA-N-0000
1.03
1.13
0.64
1.18
KAPI-N-0000
0.85
0.97
KCAB-N-0000
KDL-N-0000
-0.09
1.74
0.02
1.40
KFP-N-0000
KGAL-N-0000
1.78
0.36
0.95
0.02
KHC-N-0000
1.51
0.73
KHL-N-0000
KOTA-N-0000
0.95
1.98
0.77
1.29
KVAL-N-0000
0.53
0.22
KZOO-N-0000
LALU-N-0000
0.32
1.08
-0.55
0.45
LAMB-N-0000
LCEM-N-0000
1.44
-0.75
1.04
-1.22
LCEY-N-0000
2.48
1.76
LDEV-N-0000
LFIN-N-0000
2.74
0.95
1.30
0.47
LGL-N-0000
0.69
0.68
LGL-X-0000
LHCL-N-0000
0.69
1.90
0.68
1.03
LHL-N-0000
1.31
0.87
LIOC-N-0000
0.96
0.45
LION-N-0000
3.27
1.77
LITE-N-0000
0.75
0.76
LLMP-N-0000
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LLMP-X-0000
LLUB-N-0000
-0.11
0.27
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0.23
LMF-N-0000
0.39
0.28
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
LOFC-N-0000
0.42
LOLC-N-0000
0.49
0.23
LPRT-N-0000
LVEN-N-0000
0.42
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-0.29
0.58
LWL-N-0000
0.76
0.37
MADU-N-0000
MAL-N-0000
0.19
1.25
-0.00
1.23
MAL-X-0000
1.25
1.23
MARA-N-0000
-0.09
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MASK-N-0000
0.80
0.20
MBSL-N-0000
MEL-N-0000
1.82
-0.19
1.08
-0.17
MERC-N-0000
0.00
0.00
MFL-N-0000
MGT-N-0000
0.02
1.24
-0.50
1.00
MHDL-N-0000
1.34
1.23
MIRA-N-0000
MORI-N-0000
0.31
1.03
-0.23
0.38
MORI-X-0000
MPRH-N-0000
1.03
1.80
0.38
0.95
MRH-N-0000
3.41
2.40
MSL-N-0000
MULL-N-0000
0.04
2.39
0.25
0.84
NAMU-N-0000
NDB-N-0000
0.77
1.10
1.15
1.01
NEH-N-0000
1.53
0.67
NEST-N-0000
NHL-N-0000
1.43
0.11
1.08
-0.37
NIFL-N-0000
0.41
-0.15
NTB-N-0000
ODEL-N-0000
1.31
0.19
0.81
0.40
OFEQ-N-0000
OGL-N-0000
0.55
3.21
0.40
1.08
ONAL-N-0000
-2.19
-1.41
ORIN-N-0000
OSEA-N-0000
0.04
0.93
-0.29
0.92
PABC-N-0000
1.25
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PALM-N-0000
PAP-N-0000
0.20
0.18
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0.47
PARA-N-0000
0.55
0.10
PARQ-N-0000
0.87
0.62
PCHH-N-0000
5.09
2.19
PCH-N-0000
PC HOUSE PLC
-8.30
-5.71
PCP-N-0000
PC PHARMA PLC
-0.25
-0.69
PDL-N-0000
PEG-N-0000
0.15
-0.00
0.63
0.11
PHAR-N-0000
1.50
1.08
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
PLC-N-0000
0.73
0.70
PMB-N-0000
1.05
0.13
RAL-N-0000
RCL-N-0000
1.33
0.68
0.45
0.18
REEF-N-0000
1.85
1.04
REEF-W-0019
REG-N-0000
1.85
2.65
1.04
1.14
RENU-N-0000
0.60
0.55
REXP-N-0000
1.19
0.97
RFL-N-0000
-1.70
-0.78
RGEM-N-0000
RHL-N-0000
0.68
1.26
-0.54
1.14
RHL-X-0000
1.26
1.14
RHTL-N-0000
RICH-N-0000
-0.10
1.86
0.30
0.85
RPBH-N-0000
2.06
0.67
RWSL-N-0000
SAMP-N-0000
-0.43
1.07
-0.30
0.96
SCAP-N-0000
SDB-N-0000
1.12
1.11
0.92
1.21
SELI-N-0000
SELINSING PLC
0.36
-0.66
SEMB-N-0000
SEMB-X-0000
S M B LEASING PLC
S M B LEASING PLC
0.70
0.77
0.78
0.78
SERV-N-0000
SEYB-N-0000
1.73
1.75
1.26
1.15
SEYB-X-0000
1.75
1.15
SFCL-N-0000
SFIN-N-0000
2.27
-0.11
1.10
-0.52
SFL-N-0000
-1.45
-1.32
SFL-P-0000
SFS-N-0000
-1.45
1.17
-1.32
-0.08
SHAL-N-0000
SHAW-N-0000
0.07
0.49
-0.50
0.34
SHL-N-0000
0.56
0.34
SHOT-N-0000
SHOT-X-0000
1.28
1.28
1.06
1.06
SIGV-N-0000
2.38
1.57
SIL-N-0000
SING-N-0000
2.15
1.13
1.69
0.73
SINI-N-0000
-1.10
-0.61
SINS-N-0000
0.78
0.48
SIRA-N-0000
-0.35
-0.28
SLND-N-0000
1.10
-0.61
SLTL-N-0000
1.11
0.13
SMOT-N-0000
SOY-N-0000
0.74
-0.13
-0.01
-0.04
SPEN-N-0000
1.43
1.18
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Security ID
Name
STAF-N-0000
SUN-N-0000
SWAD-N-0000
TAFL-N-0000
TAJ-N-0000
TANG-N-0000
TAP-N-0000
TESS-N-0000
TESS-X-0000
TFC-N-0000
TFC-X-0000
TFIL-N-0000
TILE-N-0000
TJL-N-0000
TKYO-N-0000
TKYO-X-0000
TPL-N-0000
TRAN-N-0000
TSML-N-0000
TWOD-N-0000
TYRE-N-0000
UAL-N-0000
UBC-N-0000
UCAR-N-0000
UDPL-N-0000
1.94
0.94
UML-N-0000
3.42
1.28
VFIN-N-0000
1.35
0.83
VLL-N-0000
VIDULLANKA PLC
-0.38
-0.41
VONE-N-0000
0.70
0.50
VPEL-N-0000
1.15
0.88
WAPO-N-0000
1.76
1.11
WATA-N-0000
0.63
0.54
YORK-N-0000
1.76
0.84
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Beta Values
The concept of beta is fairly simple; it's a measure of individual stock risk relative to the overall risk of
the stock market. It's sometimes referred to as financial elasticity. The measure is just one of several
values that stock analysts use to get a better feel for a stock's risk profile. As we'll see later on in our
discussion, the beta value is calculated using price movements of the stock we're analyzing. Those
movements are then compared to the movements of an overall market indicator, such as a market
index, over the same period of time.
rf = The risk-free interest rate is the interest rate the investor would expect to receive from a risk-free
investment. Typically, Treasury Bills rates are used.
B = A stock beta is used to mathematically describe the relationship between the movements of an
individual stock versus the market itself. Investors can use a stock's beta to measure the risk of a
security versus the market.
rm = The expected market return is the return the investor would expect to receive from a broad
stock market indicator such as the ASPI & S&P 20.
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
If we were to translate this CAPM formula into words, we'd say the following:
"The expected return on an investment is equal to the return on a risk-free investment plus the risk
premium that's associated with the stock market itself, adjusted for the relative risk of the common
stock we've chosen."
Stock beta values are a key element when using the CAPM.
Advantages of Beta
The calculation of beta is based on extremely sound finance theory. The CAPM pricing theory is about
as good as it gets when it comes to pricing stocks, and is far easier to put into practice when compared
to the Arbitrage Pricing Theory, or APT. If you're thinking about investing in a company's stock, then
the beta allows you to understand if the price of that security has been more or less volatile than the
market itself. That's certainly a good factor to understand about a stock you're planning to add to your
portfolio.
Disadvantages of Beta
We're an advocate of value investing, which includes conducting stock research that focuses on a
company's fundamentals and an understanding of financial ratios before investing in a stock.
Unfortunately, if you're calculating stock beta values using price movements over the past three years,
then you need to bear in mind that the "past performance is no guarantee of future returns" rule
applies to beta values.
Beta is calculated based on historical price movements, which may have little to do with how a
company's stock is poised to move in the future. Because the measure relies on historical prices, it's
not even possible to accurately calculate the beta of newly issued stocks.
Beta also doesn't tell us if the stock's movements were more volatile during bear markets or bull
markets. It doesn't distinguish between large upswing or downswing movements. So while beta can
tell us something about the past risk of a security, it tells us very little about the attractiveness or the
value of the investment today or in the future.
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
Beta Calculations
You'll find calculated values of beta on all of the major stock reporting websites: Yahoo Finance, MSN
Money, and Google Finance all report stock beta values. You can also calculate beta yourself using a
fairly straightforward linear regression technique that's available in a spreadsheet application such as
Microsoft's Excel or OpenOffice Calc.
In fact, to calculate a stock's beta you only need two sets of data:
Closing stock prices for the stock you're examining.
Closing prices for the index you're choosing as a proxy for the stock market.
Most of the time, beta values are calculated using the month-end stock price for the security you're
examining, and the month end closing price of the stock exchange.
2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.
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2014 GIH Capital is a Limited liability company registered with Securities and Exchange commission of Sri Lanka (SEC). All rights reserved.