Guided Therapeutics Beta
What is the Beta of Guided Therapeutics?
The Beta of Guided Therapeutics, Inc. is 0.50
What is the definition of Beta?
BETA indicates whether a stock is more or less volatile than the market as a whole. A beta less than 1 indicates that the stock is less volatile than the market, while a beta more than 1 indicates that the stock is more volatile. Volatility is measured as the fluctuation of the price around the mean.
Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.
Beta of companies in the Health Care sector on OTC compared to Guided Therapeutics
What does Guided Therapeutics do?
Guided Therapeutics, Inc., a medical technology company, focuses on developing medical devices. It focuses on the commercialization of LuViva, a non-invasive cervical cancer detection device that identifies cervical cancers and precancers painlessly, non-invasively, and at the point-of-care by scanning the cervix with light, then analyzing the light reflected and fluorescent light. The company was formerly known as SpectRx, Inc. and changed its name to Guided Therapeutics, Inc. in February 2008. Guided Therapeutics, Inc. was incorporated in 1992 and is based in Norcross, Georgia.
Companies with beta similar to Guided Therapeutics
- Atlas Pearls Ltd has Beta of 0.50
- Mawana Sugars has Beta of 0.50
- CVD Equipment has Beta of 0.50
- Axway Software SA has Beta of 0.50
- BBX Minerals has Beta of 0.50
- Silver Tide has Beta of 0.50
- Guided Therapeutics has Beta of 0.50
- National Beverage has Beta of 0.50
- Northern Bear PLC has Beta of 0.50
- Red Star Macalline has Beta of 0.50
- Videlio SA has Beta of 0.50
- Pujiang International has Beta of 0.50
- SBA Communications has Beta of 0.50