Stocks are gaining its popularity, and it has a more sophisticated one by the year. There are many stock opportunities that might improve well in the future. Anyone searching for the company Azure Power Global Limited (NYSE: AZRE at https://www.webull.com/quote/nyse-azre), they need to consider the volatility in the history of their share price. You should know that there are two types of price volatility available. The first one is the price gyrations of any individual stock. The other one is the volatility of the whole market. Hence every stock is exposed to this volatility, and it shows the fact that prices of the stock are connected with the efficient market.
Get to know about the beta value
Certain stocks impersonator the volatility of the market closely while some others demonstrate uncorrelated or muted movements of the price. Most of the investors use the beta value as a measure to check the stock by market risk. Beta is one of the essential and useful factors to consider while trading stocks. In order to make the great use of the beta value, first, you should gain knowledge that the beta value of the overall market is one. If you need to gain information about the company NYSE: AZRE, then pay attention to the upcoming sections.
Beta value of AZRE to investors?
Zooming into the company, it is having a 5-year beta of about 1.29, and it is above the number 1. Hence, the share price of the company has been influenced by the stock market’s volatility. It is essential and important to consider whether the company Azure Power Global is growing its revenue and earnings. This company is considered to be a small-cap stock since it has a market capitalization of about 714m US dollars. Hence it is not a surprising thing that it has greater beta value than the overall market. So, it receipts less money for influencing the smaller company’s share price.
Does it influence the expected beta?
Since the company NYSE: AZRE tends to grow up if the market is going up and facing downside if the market is going down. So, if you are going to invest in the company means, you have to look for future outlook, past tracking record, and some other interesting stocks. The Azure company has rewarded the shareholders using the total shareholder return of about 55 percent over the past year. If the revenue of the company stays on-trend, there are plenty of opportunities, and share price gains begin to come. But before sticking to the particular stock, you should know about the profitability trend too. You can buy stock shares from an online brokerage.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.