GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Beta

SPAI (Safe Pro Group) Beta : N/A (As of Oct. 09, 2024)


View and export this data going back to 2024. Start your Free Trial

What is Safe Pro Group Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-10-09), Safe Pro Group's Beta is Not available.

Safe Pro Group Beta Historical Data

The historical data trend for Safe Pro Group'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.

* Premium members only.

Safe Pro Group Beta Chart

Safe Pro Group Annual Data
Trend Dec22 Dec23
Beta
- -

Safe Pro Group Semi-Annual Data
Dec22 Dec23
Beta - -

Competitive Comparison of Safe Pro Group's Beta

For the Aerospace & Defense subindustry, Safe Pro Group'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.

Safe Pro Group's Beta Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Safe Pro Group's Beta distribution charts can be found below:

* The bar in red indicates where Safe Pro Group's Beta falls into.


Safe Pro Group 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.

Safe Pro Group  (NAS:SPAI) 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)

Safe Pro Group Beta Related Terms

Thank you for viewing the detailed overview of Safe Pro Group's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.

Safe Pro Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Beta
Comparable Companies
Traded in Other Exchanges
N/A
Address
18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160
Website
https://www.safeprogroup.com
Safe Pro Group Inc operates to acquire innovative security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence ("AI"), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The Company operated in three reportable business segments which consisted of (1) the business of Safe-Pro USA, (2) the business of Airborne Response, and (3) the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.