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Beta?! Not just Beta - The Levered Beta!

Equilest

Have you wondered what Levered-Beta is? Because of the Levered-Beta (Known also as the Leveraged Beta). . What is Beta? Beta describes the firm's sensitivity to what is happening in the market. For a company with a beta equal to 1.5, The higher the firm's Beta, the more sensitive the firm will be considered. For example, a firm with a beta of 1.5 will be regarded as more sensitive than a firm with a beta of 0.5. .

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Taskforce on Nature-Related Financial Disclosures Framework: Overview of First Beta Release

Harvard Corporate Governance

In March, the Taskforce on Nature-related Financial Disclosures released the first beta version (v0.1) The first beta release marks the beginning of an 18-month consultation and development process to improve the Framework’s relevance, usability and effectiveness. After four rounds of beta versions, the TNFD plans to release its final recommendations for the Framework in September 2023.

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Warner Pacific Acquires Beta Health Association’s Dental Health Platform

Business Wire M&A

BUSINESS WIRE)--Warner Pacific (the “Company”), a leading employee benefits–focused General Agency with locations in California, Colorado, and Texas, announced today the acquisition of Beta Health Association’s (“Beta Health”) commercial dental health platform. WESTLAKE VILLAGE, Calif.--(BUSINESS

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Building a beta program that delivers

ThomsonReuters

When we set out to recruit firms to join our Onvio Tax beta program last year, our goal was to ensure go-to-market readiness for Onvio Tax prior to our commercial launch. Running an immersive beta program is about more than validating our own preconceived notions about timelines and readiness.

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An inside look at the Onvio beta program

ThomsonReuters

For an inside look at what the Onvio beta program was all about, we sat down with Corey Greene, Customer Proposition Strategy Lead for Small-Mid Firms. We discussed the rationale behind the beta program and what learnings will be incorporated into the Onvio strategy going forward.

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Clearlake Capital and Motive Partners Complete Acquisition of Wealth Management Software Platform BETA+ from LSEG and Launch BetaNXT? Brand with New Management Team

Business Wire M&A

together with its affiliates, “Clearlake”) and Motive Partners (together with its affiliates “Motive”) today announced the closing of the acquisition of the BETA+ assets including BETA Post-trade Processing, Maxit, and Digital Investor, from the London Stock Exchange Group (“LSEG”). NEW YORK & SANTA MONICA, Calif & LONDON--(BUSINESS WIRE)--Clearlake Capital Group, L.P.

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What is Beta in Finance, and why is it Essential for a Business Valuation?

Equilest

What is Beta in Finance, and why is it essential for a business valuation? Are you considering evaluating a business using an excel template without understanding Beta in Finance? In statistics, beta is defined as the slope of a straight line. In Finance - the beta represents how sensitive the stock price is concerning the market price change (index). The beta measures the return of the stock relative to the market return. So how do you calculate the beta?

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SWS Group: The Breakdown

Appraisal Rights

With regard to beta, the court found fault with both side’s approach. The petitioners’ expert, in contrast, surveyed multiple betas and used a blended median; even though the court found that this approach relied on comparable companies that were not truly comparable, it nevertheless adopted this beta – despite its apparent drawbacks – as the one more closely in line with the record evidence.

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One Small Step From Financial Materiality to Sesquimateriality: A Critical Conceptual Leap for the ISSB

Harvard Corporate Governance

E/S information that impacts the costs that companies externalize to the economy, which affect overall securities market returns (“beta”), and thus the returns of other companies in an investor’s portfolio.

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What is Modern Portfolio Theory and Portfolio Risk?

Andrew Stolz

Beta is the risk statistic used to compare the portfolio’s exposure to systematic risk to that of the market. The beta of the portfolio is calculated by multiplying the beta of each asset to its weight in the portfolio. Asset A has a beta of 1 and Asset B has a beta of 1.5.

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Incyte Acquires Villaris Therapeutics, Deepening Portfolio For Immune-Mediated Dermatologic Diseases

Benzinga

Its lead asset, auremolimab (VM6), an anti-IL-15Rβ monoclonal antibody (mAb), is expected to enter clinical development in 2023.

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ESG Valuation Considerations – Top Down or Bottom Up?

Value Scope

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. Adjustments to Beta can accomplish this. Beta measures systemic risk, and the performance of a company as compared with a broad index like the S&P 500 or the Russell 2000.

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Kevin O'Leary-Backed WonderFi Buys Blockchain Foundry, Bolsters Web3 Capabilities

Benzinga

million), according to Beta Kit. WonderFi Technoloies Inc. OTCQB: WONDF ) agreed to acquire Blockchain Foundry Inc. OTCPK: BLFDF), a blockchain development firm, in an all-stock deal. The transaction is reportedly valued at about C$12.6 million (US$9.5

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What Is Cost of Equity?

Andrew Stolz

The systematic risk of the security (Beta). beta of a stock.). Definition of the Cost of Equity. To compensate for the risks that shareholders take, firms pay them in return. The theoretical return the firm pays its equity investors (shareholders) is known as the cost of equity.

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Data Update 4 for 2022: Risk = Danger + Opportunity!

Musings on Markets

At the risk of provoking the ire of those who dislike portfolio theory, the most widely model for risk, in practice, is the capital asset pricing model, and beta is the relative risk measure.

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The Ultimate Angel Investors Checklist

Startup Valuation Blog

Before approaching angel investors, you should already have achieved some early buzz or signs of traction, such as positive press, a successful trial run, or a beta product with positive feedback from customers. . . The Ultimate Angel Investors Checklist. An angel investor is an individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company. Have you wondered What angel investors want from a startup?

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KYN Capital Group Announces Acquisition of BW Property Management

Benzinga

Pay.How expects to remain in beta through the end of second quarter although several key features are currently available. Below are some key beta metrics from the 1st Quarter: Home sales exceeded $2.5M CARSON CITY, NV, April 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – KYN Capital Group (OTC: KYNC ) is pleased to announce that BW Property Management Group, the developer of Pay.How , has been acquired by KYN Capital Group.

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Weekly Roundup: June 10-16, 2022

Harvard Corporate Governance

Taskforce on Nature-Related Financial Disclosures Framework: Overview of First Beta Release. Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 17, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 10-16, 2022. Practical Stake. Posted by Bruce F. Freed and Karl J. Sandstrom, Center for Political Accountability, on Friday, June 10, 2022.

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What is Systematic Risk? And why it's Essential to Business Valuation

Equilest

Systematic risk is measured using beta - which expresses the sensitivity of the company's situation relative to the state of the economy. You can read about the beta and its effect on the value - in this article. In this article, we have discussed the impact of Beta on valuation. What is systematic risk? And why it's essential to business valuation. Learn how you can use the systematic risk for a successful EXIT!

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What is Systematic Risk? And why it's Essential to Business Valuation

Equilest

Systematic risk is measured using beta - which expresses the sensitivity of the company's situation relative to the state of the economy. You can read about the beta and its effect on the value - in this article. In this article, we have discussed the impact of Beta on valuation. What is systematic risk? And why it's essential to business valuation. Learn how you can use the systematic risk for a successful EXIT!

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A Follow up on Inflation: The Disparate Effects on Company Values!

Musings on Markets

In my last post , I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes, and tracing out the consequences for equity values, in the aggregate.

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EVTOL Aircraft Market Size to Hit USD 23.21 Billion by 2028 | EVTOL Aircraft Industry Striking Growth in Germany, China, Netherlands, Israel, United States and ROW

Benzinga

Beta Technologies (U.S.). Pune, India, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The global eVTOL aircraft market size was estimated to be worth USD 1.11 billion in 2020. The market value is expected to increase from USD 5.41 billion in 2021 to USD 23.21 billion in 2028 at a CAGR of 23.13% during 2021-2028. Growing urbanization, increasing traffic congestion, and the need for smarter transportation solutions are some of the major factors propelling the market forward.

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4 Hooks for Estimating the Future Growth Rate

Equilest

One also must understand the elasticity of the firm operation relative to the economy (known as the beta of the firm - you can read about the Beta here ). . . . According to the discounted cash flow method, one of the essential parameters for valuation is the future growth rate.

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With 39.2% CAGR, Global Virtual Reality in Manufacturing Industry Size Worth USD 14.8 Billion in 2026

Benzinga

May 2015 – The release of EON World Builder (TM) beta was announced by EON Reality Inc. Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) -- A recently published report by Fortune Business Insights titled, " Virtual Reality in Manufacturing Industry Share , Trends & Industry Analysis, By Component, By Application and Regional Forecast, 2022-2026," states that the market value was USD 924.7 million in 2018 and is expected to rise at a CAGR of 39.2% to reach USD 14,887.0

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Apple vs. Saudi Aramco – comparing the most valuable companies in the world

Valutico

One significant difference is the beta factor (levered): while Apple has a relatively high beta (1.27), it is only 0.96 Apple vs. Saudi Aramco – the most valuable companies in the world. Weekly Valuation – Valutico | 7 July 2022. Valuation Apple: click here.

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Twitter Inc.

Valutico

As you can see below, we calculated the discount rate using a levered beta of 0,72 and a risk free rate of 2.4%. Twitter Inc. Highlights: Market cap: USD 30.3 billion. Valutico Valuation: DCF USD 22,936 – 34.461 billion (WACC 8,7%). Elon Musk buys 9.2% of Twitter for US$2.89 billion.

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Customers are at the heart of what we do – and what you do, too

ThomsonReuters

Whether sharing sketches on a virtual napkin or inviting customers to test Thomson Reuters Onvio® during our Beta, continuous feedback tells us where we are on track and where we need to adjust course. Accounting keeps the global wheels of commerce rolling.

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ESG A Valuation Framework

Value Scope

Adjustments to Beta can accomplish this. Beta measures systemic risk, and the performance of a company as compared with a broad index like the S&P 500 or the Russell 2000. For example, in a recent valuation we completed, the mean unlevered Beta of a group of 10 comps was 0.58.

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Elon Musks Takeover: Valutico Valuation of Twitter Inc

Valutico

As you can see below, we calculated the discount rate using a levered beta of 1.2 After Takeover News: Valutico Valuation of Twitter Inc. Weekly Valuation: Twitter Inc – Valutico | 5 May 2022. Elon Musk buys Twitter.

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Adobe Inc.

Valutico

As you can see below, we calculated the discount rate using a levered beta of 1.11 Adobe Inc. fell over 38% – is the stock now undervalued? Tuesday, Nov.5, 2019, in Los Angeles. Jordan Strauss/AP Images for Adobe). Key Summary.

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Elon Musks Takeover: Valutico Valuation of Twitter Inc

Valutico

As you can see below, we calculated the discount rate using a levered beta of 1.2 After Takeover News: Valutico Valuation of Twitter Inc. Weekly Valuation: Twitter Inc – Valutico | 5 May 2022. Elon Musk buys Twitter.

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Adobe Inc.

Valutico

As you can see below, we calculated the discount rate using a levered beta of 1.11 Adobe Inc. fell over 38% – is the stock now undervalued? Tuesday, Nov.5, 2019, in Los Angeles. Jordan Strauss/AP Images for Adobe). Key Summary.

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GoLogiq to Acquire Nest Egg for $30 Million, Adding Wealth-Building Platform for Gen Zs and Millennials

Benzinga

The Nest Egg app is presently in beta release and is anticipated to officially launch later this month. NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) -- GoLogiq, Inc. OTC: GOLQ ), a U.S.-based based global provider of fintech and consumer data analytics, has signed a binding letter of intent to acquire privately-held Nest Egg Investments in an all-stock transaction valued at $30 million.

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Proactive news headlines including Surefire Resources, Theta Gold Mines, Aurumin Ltd and CardieX Ltd

Benzinga

Theta Gold Mines Ltd (ASX:TGM) is moving into the Environmental Impact Assessment (EIA) phase of its MR 83 permitting process to support startup of the TGME Underground Project in South Africa, which comprises the Beta, Frankfort, CDM and Rietfontein gold mines.

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Country Risk: A 2022 Mid-year Update!

Musings on Markets

It has been my practice for the last two decades to take a detailed look at how risk varies across countries, once at the start of the year and once mid-year.

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Review the concept of WACC

Andrew Stolz

The cost of equity is related to its beta, which is resulted from a relationship between a stock price and market index. In terms of cost of equity, it varies on the beta which depends on the market, which ultimately is relied on the economy of a country.

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The Walt Disney Company to return to full strength?

Valutico

The latter is based on a Cost of Equity of 7.4%, which is driven by a levered beta of 0.88 The Walt Disney Company. Weekly Valuation – Valutico | 27June 2022. Full valuation: click here. Summary: . – Disney’s near-term outlook is uncertain.

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The Walt Disney Company to return to full strength?

Valutico

The latter is based on a Cost of Equity of 7.4%, which is driven by a levered beta of 0.88 The Walt Disney Company. Weekly Valuation – Valutico | 27June 2022. Full valuation: click here. Summary: . – Disney’s near-term outlook is uncertain.

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Netflix Inc

Valutico

As you can see below in the valuation overview and WACC calculation, we calculated the discount rate using a levered beta of 1.08 Netflix Inc. Weekly Valuation: Netflix Inc – Valutico | 20 April 2022. Summary. Netflix shares fell sharply after the latest forecasts.

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Migraine Drugs Market Size [2022-2028] | Industry Size, Share, Growth, Trends & Forecast Analysis

Benzinga

Acute treatment consists of calcium channel blockers, beta-blockers, anti-convulsants, anti-depressants, anti-serotonergic drugs, and others. Pune, India, May 12, 2022 (GLOBE NEWSWIRE) -- The global Migraine Drugs Market size is expected to grow due to the rising prevalence of migraine during the forecast period.

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Discounted-Cash-Flow-Analysis: Your Complete Guide with Examples

Valutico

B = Beta. (Rm DCF WACC—similar to the above except that it calculates a different WACC in each forecast period based on a changing capital structure (D/E) and thus a changing beta in each period. Beta . What is The Discounted Cash Flow Method? Your Complete Guide.

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What Is Arbitrage Pricing Theory?

Andrew Stolz

The expected return on an asset is determined by the risk-free rate of return with the addition of the asset’s beta to each macroeconomic factor that impacts the return on the asset multiplied by the risk premium of those factors. Definition of the Arbitrage Pricing Theory.

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Is Terex the Right Industrial Sector Stock to Own to Ride the Economic Recovery?

Andrew Stolz

The company is highly cyclical reflected in the above-average beta of 1.25x. Highlights: Heavy gov’t spending on infrastructure drives top-line growth. Costs cuts to drive sustainably higher margins. Strong ROE and ROIC might be overlooked by the market. Download the full report as a PDF.

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