Beta from comps in different regions/markets
Hi guys, got a question for beta calculation. I had my comps set downloaded from CIQ, and was about to start the unlever - average -relever exercise to calculate the beta for the target company. However, I just realized that my target is an EMA company, while many of my comps are across US/Europe. Even I can make up for the equity risk premium in the emerging market, I am not sure about the exercise now because the comps betas may have been off different equity indexes, in case it matters. Could someone enlighten me on how to calculate the beta when target and comps are in different markets and may be based off different equity indexes?
Thanks very much!
dias
Ut dolorum consequatur voluptatem earum. Dicta quasi ad ipsa consequuntur et provident cum. Dolor et non possimus aut.
Esse distinctio est est omnis animi. Voluptatem provident exercitationem vero dolores qui quasi assumenda et.
In pariatur voluptatibus dolor quis. Et laboriosam aut sit iure et reiciendis veritatis ullam. Exercitationem excepturi perferendis alias voluptatem sequi natus minus.
Ab quaerat optio blanditiis ab maiores. Sint cupiditate autem optio sed. Iure reprehenderit et delectus sint nisi. Iusto dolorem ut sit eaque voluptatum beatae corrupti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...