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Clear Beta

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CRMLF -- USA Stock  

USD 0.70  0.025  3.45%

Clear Media beta fundamental analysis lookup allows you to check this and other indicators for Clear Media Ltd or any other equity instrument. You can also select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please continue to Equity Screeners to view more equity screening tools
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Clear Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current Clear Media Ltd Beta

0.83
ValuationFinancialsBuy or Sell

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition
In accordance with recently published financial statements Clear Media Ltd has Beta of 0.83. This is much higher than that of the sector, and significantly higher than that of Beta industry, The Beta for all stocks is notably lower than the firm.

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As returns on market increase, Clear Media returns are expected to increase less than the market. However during bear market, the loss on holding Clear Media will be expected to be smaller as well.

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Clear Media Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Clear Media and Berkshire Hathaway New. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.