BETAS 2018

Industry Name

Industria

Number of firms

Beta

D/E Ratio

Tax rate

Unlevered beta

Cash/Firm value

Unlevered beta corrected for cash

HiLo Risk

Standard deviation of equity

Advertising

Publicidad

41

1.36

62.98%

5.10%

0.85

6.27%

0.91

0.6671

72.80%

Aerospace/Defense

Aeroespacial

96

1.07

23.53%

10.86%

0.89

5.21%

0.94

0.5241

40.75%

Air Transport

Transporte aéreo

18

1.12

70.12%

22.99%

0.73

4.23%

0.76

0.476

38.61%

Apparel

Vestir

58

0.88

34.21%

10.95%

0.67

4.30%

0.71

0.4968

47.15%

Auto & Truck

Auto y camión

15

0.85

150.42%

8.14%

0.35

6.46%

0.38

0.6222

29.21%

Auto Parts

Piezas de automóviles

63

1.12

35.22%

10.40%

0.85

8.90%

0.94

0.5478

50.64%

Bank (Money Center)

Banco (Money Center)

10

0.86

188.03%

27.90%

0.37

9.89%

0.41

0.2658

25.85%

Banks (Regional)

Bancos (regionales)

645

0.47

60.51%

25.43%

0.33

10.76%

0.36

0.2325

22.84%

Beverage (Alcoholic)

Bebida (alcohólica)

25

0.79

29.02%

10.86%

0.63

11.30%

0.71

0.5805

44.18%

Beverage (Soft)

Bebida (suave)

36

0.91

24.51%

5.87%

0.74

4.84%

0.78

0.5856

52.80%

Broadcasting

Radiodifusión

30

1.22

95.92%

18.54%

0.68

2.17%

0.7

0.4266

41.01%

Brokerage & Investment Banking

Banca de inversiones y corretaje

45

1.08

232.21%

13.59%

0.36

14.97%

0.42

0.4577

44.96%

Building Materials

Materiales de construcción

41

1.01

26.98%

23.39%

0.83

4.05%

0.87

0.3818

33.77%

Business & Consumer Services

Servicios para negocios y consumidores

165

1.07

35.10%

12.61%

0.82

3.52%

0.85

0.52

44.71%

Cable TV

Televisión por cable

14

1.12

49.24%

20.28%

0.8

2.32%

0.82

0.3395

30.78%

Chemical (Basic)

Químico (Básico)

45

1

58.62%

7.71%

0.65

4.00%

0.68

0.5526

59.91%

Chemical (Diversified)

Químico (diversificado)

8

1.52

35.52%

6.59%

1.14

6.50%

1.22

0.5298

45.48%

Chemical (Specialty)

Químico (Especialidad)

100

1.2

29.98%

9.58%

0.94

3.97%

0.98

0.4924

45.44%

Coal & Related Energy

Carbón y energía relacionada

38

1.36

138.55%

0.48%

0.57

5.34%

0.61

0.6001

73.31%

Computer Services

Servicios informáticos

117

0.99

28.33%

11.18%

0.79

5.24%

0.83

0.539

45.57%

Computers/Peripherals

Computadoras / Periféricos

55

1.06

19.60%

5.68%

0.89

5.61%

0.94

0.4866

60.29%

Construction Supplies

Materiales de construcción

51

1.31

42.57%

18.44%

0.98

4.68%

1.02

0.4424

38.87%

Diversified

Diversificado

24

0.76

35.98%

11.55%

0.58

7.84%

0.63

0.3951

23.28%

Drugs (Biotechnology)

Drogas (Biotecnología)

426

1.4

19.45%

1.44%

1.18

5.54%

1.25

0.5805

75.23%

Drugs (Pharmaceutical)

Drogas (Farmacéutica)

164

1.02

14.58%

2.54%

0.89

3.98%

0.93

0.6179

67.61%

Education

Educación

36

1.23

33.38%

9.29%

0.94

10.16%

1.05

0.5865

51.51%

Electrical Equipment

Equipo eléctrico

119

1.14

19.15%

5.87%

0.97

6.42%

1.04

0.6252

54.63%

Electronics (Consumer & Office)

Electrónica (Consumidor y Oficina)

24

1.08

19.39%

3.81%

0.91

5.99%

0.97

0.6086

66.94%

Electronics (General)

Electrónica (General)

164

0.86

17.87%

8.85%

0.74

10.02%

0.83

0.4951

48.91%

Engineering/Construction

Ingeniería / Construcción

48

1.18

32.45%

15.15%

0.93

8.26%

1.01

0.5056

44.23%

Entertainment

Entretenimiento

79

1.2

30.83%

5.50%

0.93

3.59%

0.97

0.6605

44.71%

Environmental & Waste Services

Servicios medioambientales y de residuos

89

0.85

38.98%

5.07%

0.62

0.95%

0.63

0.5837

57.94%

Farming/Agriculture

Agricultura / Agricultura

37

0.92

60.04%

7.89%

0.59

3.88%

0.62

0.5482

41.14%

Financial Svcs. (Non-bank & Insurance)

Financial Svcs. (No bancario y seguro)

258

0.65

1124.41%

20.80%

0.07

2.29%

0.07

0.2947

29.20%

Food Processing

Procesamiento de alimentos

87

0.75

26.84%

14.66%

0.61

2.57%

0.63

0.4214

30.98%

Food Wholesalers

Mayoristas de alimentos

16

1.2

36.34%

11.77%

0.91

1.76%

0.93

0.3878

52.66%

Furn/Home Furnishings

Furn / Muebles para el hogar

30

0.84

29.01%

14.58%

0.67

3.39%

0.69

0.4789

42.94%

Green & Renewable Energy

Energía verde y renovable

25

1.14

174.38%

4.25%

0.43

8.85%

0.47

0.677

47.60%

Healthcare Products

Productos para el cuidado de la salud

254

1.04

17.96%

6.12%

0.89

3.91%

0.92

0.5348

56.59%

Healthcare Support Services

Servicios de asistencia sanitaria

121

0.94

32.18%

14.31%

0.74

10.07%

0.82

0.5096

50.06%

Heathcare Information and Technology

Información y tecnología de Heathcare

125

0.95

20.70%

6.32%

0.8

4.22%

0.83

0.5458

52.46%

Homebuilding

Construcción de viviendas

33

1.08

66.29%

27.28%

0.73

5.33%

0.77

0.3321

33.76%

Hospitals/Healthcare Facilities

Hospitales / Instalaciones de salud

38

1.1

170.77%

12.06%

0.44

1.43%

0.45

0.4817

44.67%

Hotel/Gaming

Hotel / Gaming

69

0.96

55.28%

11.23%

0.64

3.43%

0.67

0.4598

39.32%

Household Products

Productos domésticos

129

0.8

21.20%

9.05%

0.67

2.97%

0.69

0.5926

50.91%

Information Services

Servicios de información

64

0.98

20.46%

16.37%

0.84

3.71%

0.87

0.3452

36.65%

Insurance (General)

Seguro (General)

19

0.9

38.95%

18.33%

0.69

3.92%

0.71

0.2761

30.38%

Insurance (Life)

Seguro (Vida)

22

1.03

71.41%

22.91%

0.67

16.83%

0.8

0.2818

27.80%

Insurance (Prop/Cas.)

Seguro (Prop / Cas.)

50

0.83

31.11%

22.27%

0.67

4.61%

0.7

0.2524

25.41%

Investments & Asset Management

Inversiones y gestión de activos

156

0.9

61.59%

7.71%

0.57

15.46%

0.68

0.3809

34.30%

Machinery

Maquinaria

127

1.06

21.70%

11.73%

0.89

4.28%

0.93

0.4467

38.59%

Metals & Mining

Metales y Minería

97

1.3

51.98%

1.16%

0.86

2.98%

0.89

0.744

77.36%

Office Equipment & Services

Equipos y servicios de oficina

24

1.49

54.32%

16.68%

1.03

6.31%

1.09

0.4362

33.85%

Oil/Gas (Integrated)

Petróleo / Gas (Integrado)

7

1.08

16.91%

1.14%

0.93

2.05%

0.95

0.5161

46.30%

Oil/Gas (Production and Exploration)

Petróleo / Gas (Producción y Exploración)

330

1.38

46.98%

0.32%

0.94

5.44%

0.99

0.6405

75.08%

Oil/Gas Distribution

Distribución de petróleo / gas

78

1.2

77.05%

2.93%

0.68

0.76%

0.69

0.4215

45.13%

Oilfield Svcs/Equip.

Oilfield Svcs / Equip.

148

1.37

32.66%

4.11%

1.04

6.27%

1.11

0.545

60.50%

Packaging & Container

Embalaje y contenedor

26

0.84

56.03%

24.47%

0.59

2.55%

0.6

0.3546

29.58%

Paper/Forest Products

Papel / Productos Forestales

23

1.12

49.34%

14.46%

0.79

4.87%

0.83

0.5042

38.67%

Power

Poder

68

0.54

87.30%

19.27%

0.32

2.46%

0.33

0.2648

24.11%

Precious Metals

Metales preciosos

109

1.25

24.11%

1.84%

1.01

8.33%

1.1

0.7586

78.31%

Publishing & Newspapers

Publicaciones y periódicos

37

1.32

56.95%

14.32%

0.89

7.77%

0.96

0.4132

48.08%

R.E.I.T.

R.E.I.T.

238

0.72

79.46%

1.72%

0.41

1.61%

0.41

0.2392

24.67%

Real Estate (Development)

Desarrollo inmobiliario)

18

0.68

60.51%

1.97%

0.43

8.47%

0.47

0.6038

39.45%

Real Estate (General/Diversified)

Bienes inmuebles (General / Diversificado)

11

1.27

24.33%

15.32%

1.05

3.71%

1.09

0.4391

24.99%

Real Estate (Operations & Services)

Bienes Raíces (Operaciones y Servicios)

54

0.99

76.67%

8.78%

0.58

5.21%

0.62

0.5913

50.15%

Recreation

Recreación

66

0.92

31.12%

13.21%

0.73

4.54%

0.76

0.5233

46.01%

Reinsurance

Reaseguro

3

0.75

32.38%

19.33%

0.59

8.30%

0.65

0.2514

21.23%

Restaurant/Dining

Restaurante / Comedor

86

0.77

35.01%

16.47%

0.59

2.36%

0.61

0.4123

39.10%

Retail (Automotive)

Minorista (Automotriz)

25

0.91

59.89%

22.58%

0.62

1.12%

0.63

0.4333

28.30%

Retail (Building Supply)

Minorista (Suministro de construcción)

6

1.3

21.86%

20.11%

1.11

1.66%

1.12

0.2621

39.62%

Retail (Distributors)

Venta al por menor (Distribuidores)

88

1.1

56.95%

16.95%

0.75

2.19%

0.77

0.5018

40.48%

Retail (General)

Venta al por menor (General)

19

1.05

39.57%

22.22%

0.8

2.73%

0.82

0.2805

40.00%

Retail (Grocery and Food)

Venta al por menor (comestibles y alimentos)

14

0.69

66.85%

24.11%

0.46

1.25%

0.46

0.3599

35.13%

Retail (Online)

Venta al por menor (en línea)

57

1.23

9.63%

8.46%

1.13

3.79%

1.17

0.5212

48.86%

Retail (Special Lines)

Venta al por menor (líneas especiales)

108

1.02

52.13%

21.29%

0.73

4.29%

0.76

0.4108

42.19%

Rubber& Tires

Neumáticos de goma

4

1.35

72.35%

10.09%

0.82

8.09%

0.89

0.4555

63.88%

Semiconductor

Semiconductor

80

1.2

14.09%

7.71%

1.06

4.78%

1.11

0.4717

42.08%

Semiconductor Equip

Semiconductor Equip

45

1.1

16.35%

11.13%

0.96

12.69%

1.1

0.4324

38.24%

Shipbuilding & Marine

Construcción naval y marina

11

1.2

48.41%

7.30%

0.83

2.83%

0.85

0.5953

73.54%

Shoe

Zapato

10

0.85

10.26%

14.47%

0.78

5.59%

0.83

0.3007

37.21%

Software (Entertainment)

Software (Entretenimiento)

13

0.98

14.74%

1.04%

0.86

11.29%

0.96

0.6124

48.14%

Software (Internet)

Software (Internet)

297

1.13

4.27%

3.49%

1.09

2.64%

1.12

0.6293

55.85%

Software (System & Application)

Software (Sistema y Aplicación)

236

1.13

21.50%

5.67%

0.94

5.33%

0.99

0.5614

47.40%

Steel

Acero

38

1.6

47.93%

7.94%

1.11

7.04%

1.19

0.5972

54.19%

Telecom (Wireless)

Telecom (inalámbrico)

17

1.12

114.58%

9.11%

0.55

5.92%

0.58

0.653

37.67%

Telecom. Equipment

Telecom. Equipo

107

0.99

24.55%

6.14%

0.8

6.86%

0.86

0.4893

49.24%

Telecom. Services

Telecom. Servicios

67

1.04

65.89%

13.36%

0.66

1.78%

0.68

0.4531

47.21%

Tobacco

Tabaco

22

1.28

17.18%

8.84%

1.11

2.38%

1.13

0.635

61.73%

Transportation

Transporte

17

1.01

31.98%

17.46%

0.8

3.51%

0.83

0.3969

32.72%

Transportation (Railroads)

Transporte (ferrocarriles)

7

0.79

27.94%

22.17%

0.65

1.82%

0.66

0.2829

27.05%

Trucking

Camionaje

30

1.21

90.80%

26.74%

0.72

4.25%

0.76

0.4577

42.01%

Utility (General)

Utilidad (General)

18

0.38

68.37%

25.62%

0.25

0.65%

0.25

0.1515

19.32%

Utility (Water)

Utilidad (agua)

22

0.65

43.47%

11.97%

0.47

0.43%

0.47

0.453

45.04%

Total Market

Mercado total

7330

1

67.90%

10.44%

0.62

4.92%

0.65

0.4822

45.04%

Total Market (without financials)

Mercado total (sin finanzas)

6100

1.08

35.71%

8.31%

0.81

4.08%

0.85

0.5249

48.81%