Global Beta Coeffitients  
 
 
Here you can find Beta coeffitients for different companies around the world for the year 2010
All Beta coeffitient sare calculated on a daily basis
We selected the  largest companies in every country and measured Beta relative to their local market indeces (which are shown in brackets)
     
DISCLAIMER
Beta describes the relation of returns between the stock and the market.  Neither this site, the available materials, nor its contents (including any information concerning 
The formula for Beta is Beta = Cov (Rs; Rm) / Var (Rm)   any securities mentioned on this site) constitutes  an advertisement of any securities or   
Cov (Rs; Rm) is the covariance of the stock's and market's returns  an offer to sell or a solicitation of an offer to purchase any securities.     
Var (Rm) is the dispersion of market returns 
Upside Beta analyses the stock's behavior during the upward market's movements.
I.e. Upside Beta shows how the stock grows/falls when the market grows.
For example, you expect that the market will go up next week and you need to pick up the stock that
will outpace the market. In this case, choose the stock with the highest Upside Beta
Downside Beta on the opposite analyses the stock's behavior when the market falls
For example, you expect the market to fall next week. Choose the stock with a lowest Downside Beta
If Downside Beta is less than 0, the stock usually goes up when the market goes down.
     
If you want to know more about Betas please refer to the following sections of the site:
Beta - http://www.financetoys.com/valuation/wacceng.htm
Upside and Downside Betas - http://www.financetoys.com/risk/udbetaeng.htm
UNITED STATES (Dow Jones Industrial Average Index) UNITED KINGDOM (FTSE 100 Index)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
3M 1.00 1.03 0.94 Scottish & Southern Energy 0.47 0.43 0.50
Alcoa 1.68 1.50 1.85 Rolls-Royce Group 0.84 0.94 0.75
American Express 1.59 1.57 1.59 Aviva 1.49 1.55 1.44
AT&T 0.66 0.67 0.66 Tullow Oil 1.34 1.34 1.37
Bank of America 1.68 1.54 1.83 BT Group 0.98 0.99 0.99
Boeing 1.45 1.46 1.42 Centrica 0.62 0.64 0.61
Caterpillar 1.67 1.70 1.64 Prudential 1.01 0.89 1.09
Chevron 1.11 1.16 1.09 Imperial Tobacco Group 0.41 0.28 0.56
Cisco Systems 1.22 1.05 1.36 National Grid  0.51 0.40 0.59
Coca-Cola 0.66 0.75 0.59 Reckitt Benckiser Group 0.69 0.63 0.75
EI du Pont de Nemours & Co 1.35 1.46 1.23 Unilever 0.76 0.79 0.74
Exxon Mobil 0.94 0.95 0.94 Lloyds Banking Group 1.76 1.81 1.74
General Electric 1.38 1.33 1.42 SABMiller 1.02 1.12 0.95
Hewlett-Packard 1.04 0.95 1.17 Diageo 0.66 0.68 0.65
Home Depot 1.00 1.01 0.99 Tesco 0.55 0.57 0.55
Intel 1.17 1.15 1.18 Xstrata  2.07 2.04 2.08
International Business Machines 0.91 0.92 0.89 Barclays 1.97 1.99 1.90
Johnson & Johnson 0.56 0.51 0.61 Standard Chartered  1.35 1.50 1.24
JPMorgan Chase & Co 1.44 1.35 1.49 AstraZeneca  0.56 0.49 0.59
Kraft Foods 0.65 0.64 0.67 Anglo American 1.76 1.73 1.79
McDonald's 0.64 0.71 0.59 British American Tobacco  0.59 0.61 0.58
Merck & Co 0.83 0.86 0.83 BG Group 1.06 1.09 1.05
Microsoft 0.99 0.85 1.09 BHP Billiton  1.56 1.56 1.54
Pfizer 0.86 0.84 0.90 GlaxoSmithKline 0.59 0.57 0.64
Procter & Gamble  0.55 0.58 0.51 Royal Dutch Shell 0.97 0.99 0.95
Travelers Cos 0.80 0.83 0.77 Rio Tinto 1.77 1.74 1.79
United Technologies 1.12 1.15 1.11 Royal Dutch Shell 0.94 0.93 0.94
Verizon Communications 0.61 0.65 0.58 BP 0.80 0.69 0.86
Wal-Mart Stores 0.46 0.38 0.57 Vodafone Group 0.69 0.72 0.68
Walt Disney  1.12 1.17 1.09 HSBC Holdings 0.96 1.04 0.87
GERMANY (DAX index) FRANCE (CAC 40 Index)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
Adidas 0.95 0.86 1.09 Total  0.86 0.82 0.89
Allianz 1.01 1.06 0.97 Sanofi-Aventis 0.72 0.71 0.74
BASF 1.26 1.33 1.20 BNP Paribas 1.62 1.72 1.50
Bayer 0.89 0.86 0.94 GDF Suez 0.94 0.89 1.00
Bayerische Motoren Werke 1.24 1.40 1.07 Societe Generale 1.79 1.94 1.64
Beiersdorf 0.57 0.56 0.61 France Telecom 0.63 0.62 0.65
Commerzbank  1.03 1.01 1.04 Schneider Electric 1.15 1.19 1.12
Daimler 1.37 1.47 1.27 LVMH Moet Hennessy Louis Vuitton 1.04 1.09 0.99
Deutsche Bank 1.39 1.43 1.34 Air Liquide  0.91 0.96 0.84
Deutsche Boerse 1.01 1.01 1.07 Danone 0.67 0.71 0.65
Deutsche Lufthansa 1.14 1.09 1.16 AXA  1.58 1.70 1.48
Deutsche Post 1.04 0.94 1.11 Vivendi  0.93 0.90 0.95
Deutsche Telekom 0.67 0.60 0.77 ArcelorMittal 1.22 1.15 1.29
E.ON 0.86 0.68 1.03 Carrefour 0.77 0.81 0.78
Fresenius Medical Care AG & Co 0.35 0.32 0.36 L'Oreal 0.75 0.76 0.72
Fresenius SE & Co 0.42 0.41 0.38 Vinci  1.07 1.06 1.10
HeidelbergCement 1.54 1.63 1.51 Cie de St-Gobain 1.30 1.29 1.27
Henkel AG & Co 0.60 0.61 0.59 Unibail-Rodamco 0.79 0.87 0.72
Infineon Technologies 1.48 1.55 1.46 Pernod-Ricard 0.62 0.65 0.61
K+S 0.89 0.88 0.90 Credit Agricole  1.60 1.59 1.58
Linde 0.76 0.76 0.75 Cie Generale des Etablissements Michelin 0.94 0.90 0.93
MAN 1.32 1.43 1.21 Essilor International 0.35 0.33 0.39
Merck  0.44 0.32 0.54 Alstom 0.91 0.80 1.00
Metro 0.86 0.94 0.82 EADS 0.65 0.75 0.55
Muenchener Rueckversicherungs 0.72 0.73 0.72 PPR 0.85 0.91 0.81
RWE 0.67 0.54 0.82 EDF 0.56 0.36 0.74
SAP  0.60 0.56 0.62 Alcatel-Lucent/France 0.95 0.81 1.10
Siemens  1.32 1.36 1.26 Lafarge 1.11 1.06 1.16
ThyssenKrupp  1.24 1.17 1.31 Vallourec 1.14 1.21 1.03
Volkswagen  1.07 1.05 1.07 Veolia Environnement 0.77 0.67 0.88
JAPAN (NIKKEI 225 Index) BRAZIL (BOVESPA Index)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
FANUC 1.25 1.21 1.23 Petroleo Brasileiro 0.96 0.85 1.06
Fast Retailing Co 1.10 1.11 1.17 Vale 1.19 1.28 1.13
Softbank  0.84 0.99 0.74 OGX Petroleo e Gas Participacoes 1.08 1.06 1.11
Kyocera Corp 1.24 1.27 1.22 Itau Unibanco Holding  1.03 1.04 0.98
Honda Motor Co  1.02 1.07 0.95 BM&Fbovespa 1.23 1.24 1.21
Canon 1.15 1.18 1.12 Petroleo Brasileiro  0.93 0.87 0.97
KDDI  0.60 0.58 0.61 Usinas Siderurgicas de Minas Gerais 1.16 1.17 1.17
TDK  1.40 1.48 1.29 Banco Bradesco  1.01 1.10 0.88
Tokyo Electron 1.40 1.44 1.36 Gerdau 1.26 1.18 1.33
Terumo  1.03 1.00 1.05 Vale 1.23 1.31 1.16
Shin-Etsu Chemical Co  1.18 1.16 1.18 Banco do Brasil 0.93 0.92 0.92
Takeda Pharmaceutical Co 0.45 0.42 0.47 PDG Realty SA Empreendimentos e Particip 1.24 1.48 1.00
Secom Co 0.65 0.62 0.67 Cia Siderurgica Nacional 1.08 1.12 1.08
Toyota Motor 0.79 0.74 0.80 Itausa - Investimentos Itau  1.00 1.00 0.97
Eisai Co 0.52 0.40 0.63 Cielo  0.75 0.73 0.82
Astellas Pharma 0.57 0.53 0.62 Redecard  0.70 0.55 0.85
Advantest  1.50 1.49 1.51 Gafisa  1.30 1.35 1.27
Komatsu  1.09 1.21 0.97 BRF - Brasil Foods  0.63 0.70 0.59
Sony  1.08 1.13 1.06 Fibria Celulose 1.39 1.33 1.44
Denso 1.07 1.17 0.98 Cyrela Brazil Realty SA Empreendimentos 1.29 1.26 1.34
FUJIFILM Holdings  0.94 0.93 0.94 MRV Engenharia e Participacoes  1.31 1.46 1.16
NTT Data  1.05 1.06 1.06 Cia Energetica de Minas Gerais 0.45 0.39 0.47
Daikin Industries  1.21 1.20 1.24 MMX Mineracao e Metalicos SA 1.48 1.38 1.59
Mitsubishi  1.05 1.11 0.99 JBS  1.01 0.91 1.13
Olympus  1.18 1.14 1.20 Rossi Residencial  1.44 1.54 1.36
Trend Micro 1.09 1.05 1.08 Lojas Renner  0.85 0.93 0.80
Dentsu  1.07 1.08 1.08 Lojas Americanas  0.95 0.96 1.04
Kao  0.61 0.49 0.71 Tim Participacoes  0.85 0.92 0.79
Hitachi Construction Machinery Co 1.17 1.15 1.18 All America Latina Logistica  0.83 0.89 0.81
Seven & I Holdings Co  0.69 0.62 0.77 Tele Norte Leste Participacoes  0.66 0.64 0.75
CHINA (Shanghai Composite) HONG KONG (Hang Seng Index)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
PetroChina  0.84 0.84 0.84 HSBC Holdings PLC 0.99 0.95 1.02
Industrial & Commercial Bank of China 0.64 0.64 0.63 China Construction Bank 1.15 1.22 1.09
Bank of China 0.62 0.66 0.60 China Mobile 0.65 0.60 0.69
China Petroleum & Chemical  1.04 1.00 1.06 Industrial & Commercial Bank of China 1.12 1.10 1.13
China Shenhua Energy  1.30 1.44 1.20 CNOOC 1.47 1.56 1.38
China Life Insurance  1.04 1.09 1.01 Bank of China  1.13 1.18 1.08
China Merchants Bank  1.01 1.00 1.01 PetroChina  1.29 1.29 1.30
Ping An Insurance Group Co of China 0.96 1.05 0.85 China Life Insurance  0.99 0.92 1.04
Shanghai Pudong Development Bank 1.09 1.09 1.08 Tencent Holdings 0.98 1.00 1.05
Kweichow Moutai  0.48 0.54 0.44 Hutchison Whampoa  0.90 0.98 0.81
SAIC Motor  1.14 1.11 1.14 Sun Hung Kai Properties 1.04 1.01 1.07
Bank of Communications 0.96 0.89 1.00 Hong Kong Exchanges and Clearing  1.10 1.23 0.94
Industrial Bank  1.26 1.29 1.24 Cheung Kong Holdings 0.89 0.88 0.88
China Citic Bank  1.21 1.16 1.23 Ping An Insurance Group Co of China  1.27 1.31 1.24
Sany Heavy Industry  1.43 1.54 1.36 China Petroleum & Chemical  1.10 1.05 1.14
CITIC Securities  1.44 1.57 1.34 Li & Fung  0.75 0.71 0.79
China Pacific Insurance Group  1.25 1.34 1.17 China Shenhua Energy 1.49 1.47 1.50
China Yangtze Power  0.54 0.58 0.52 CLP Holdings 0.21 0.27 0.17
Daqin Railway  0.78 0.75 0.77 Hang Seng Bank Ltd 0.43 0.48 0.36
Baoshan Iron & Steel Co Ltd 1.01 0.90 1.05 BOC Hong Kong Holdings 0.66 0.84 0.49
China United Network Communications  0.88 0.94 0.84 Swire Pacific  0.86 0.91 0.83
China Shipbuilding Industry  0.80 1.09 0.54 Hang Lung Properties  0.88 0.96 0.82
China Minsheng Banking Corp Ltd 0.89 0.83 0.92 Hong Kong & China Gas  0.39 0.41 0.37
China State Construction Engineering  0.73 0.66 0.78 Wharf Holdings  1.16 1.15 1.15
Aluminum Corp of China  1.17 1.00 1.34 Power Assets Holdings 0.17 0.25 0.08
Anhui Conch Cement  1.18 1.17 1.17 Belle International Holdings  1.04 1.16 1.02
China Coal Energy  1.38 1.52 1.28 China Unicom Hong Kong Ltd 1.06 1.16 0.98
Yanzhou Coal Mining  1.69 2.05 1.44 China Overseas Land & Investment  1.02 1.01 1.00
Henderson Land Development  1.04 0.99 1.10
Bank of Communications  1.25 1.19 1.29
KOREA (KOSPI Index) ARGENTINA (Indice Bolsa General)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
Samsung Electronics 1.22 1.20 1.16 Tenaris  1.22 1.19 1.24
Hyundai Motor  1.01 1.11 0.83 Petroleo Brasileiro SA 0.95 0.80 1.09
POSCO 1.12 0.93 1.36 Telecom Argentina  1.11 1.19 1.00
Hyundai Heavy Industries  1.39 1.67 1.14 Aluar Aluminio Argentino 0.94 0.99 0.92
Hyundai Mobis 0.96 1.20 0.67 Siderar  1.08 0.98 1.19
LG Chem 1.13 1.19 1.00 Banco Macro SA 1.14 1.28 1.00
Kia Motors  0.89 1.24 0.47 Petrobras Argentina SA 0.78 0.88 0.71
Shinhan Financial Group  1.15 1.13 1.24 Molinos Rio de la Plata 0.86 0.93 0.77
KB Financial Group  1.45 1.39 1.62 BBVA Banco Frances  1.13 1.14 1.19
SK Innovation Co Ltd 1.36 1.52 1.31 Grupo Financiero Galicia  1.40 1.62 1.21
Hynix Semiconductor 1.17 1.11 1.17 Ledesma 0.81 0.80 0.81
Korea Electric Power  0.89 0.75 1.02 Grupo Clarin 0.68 0.80 0.57
S-Oil  1.01 1.06 1.01 Banco Hipotecario 1.32 1.35 1.34
LG Electronics  0.93 0.79 1.04 Banco Patagonia 0.45 0.52 0.38
LG  1.00 0.95 1.13 Cresud SACIF y A 0.88 0.83 0.95
SK Telecom  0.44 0.29 0.61 IRSA Inversiones y Representaciones  0.96 0.99 0.95
Honam Petrochemical 1.62 1.86 1.45 Pampa Energia SA 0.71 0.68 0.75
Lotte Shopping  0.67 0.81 0.49 Transportadora de Gas del Sur SA 0.65 0.68 0.54
LG Display  1.30 1.23 1.28 Central Puerto 0.69 0.68 0.70
Hyundai Steel  1.14 1.21 1.12 Alto Palermo  0.08 0.22 -0.08
Woori Finance Holdings  1.48 1.50 1.58 Juan Minetti  0.66 0.71 0.58
OCI  1.02 1.13 0.97 Boldt SA 0.37 0.41 0.37
Samsung Fire & Marine Insurance  0.73 0.64 0.81 SA Importadora y Exportadora 0.04 0.09 -0.04
Hana Financial Group 1.10 1.10 1.22 Boldt Gaming 0.47 0.47 0.50
Samsung C&T Corp 0.90 0.85 0.94 Consultatio  0.42 0.30 0.54
KT Corp 0.42 0.25 0.56 Solvay Indupa  0.58 0.45 0.70
Industrial Bank of Korea 1.30 1.42 1.23 Capex  0.83 0.81 0.84
Samsung Heavy Industries  0.99 1.12 0.91 Banco Santander Rio 0.95 0.97 0.95
NHN Corp 0.51 0.42 0.60 Empresa Distribuidora Y Comercializadora 0.74 0.78 0.68
Rigolleau  0.08 0.03 0.12
MEXICO (IPC Index) INDONESIA (Jakarta Composite Index)
  Beta Upside Beta  Downside Beta   Beta Upside Beta  Downside Beta
America Movil SAB de CV 0.96 1.00 0.91 Astra International 1.36 1.51 1.19
Wal-Mart de Mexico SAB de CV 0.86 0.77 0.93 Bank Central Asia 1.26 1.26 1.24
Grupo Mexico SAB de CV 1.59 1.68 1.48 Telekomunikasi Indonesia  0.74 0.70 0.74
Fomento Economico Mexicano SAB de CV 0.60 0.67 0.58 Bank Mandiri  1.29 1.15 1.45
Grupo Televisa SA 0.98 0.97 0.98 Bank Rakyat Indonesia Persero  1.19 1.13 1.24
Cemex SAB de CV 1.59 1.53 1.59 Unilever Indonesia 0.89 0.99 0.79
Grupo Financiero Banorte SAB de CV 0.99 1.20 0.80 Perusahaan Gas Negara 1.05 1.00 1.09
Alfa SAB de CV 0.80 0.86 0.76 Gudang Garam  0.81 1.02 0.56
Grupo Financiero Inbursa SA 1.10 1.27 1.00 United Tractors  1.25 1.26 1.20
Telefonos de Mexico SAB de CV 0.57 0.52 0.69 Adaro Energy  1.12 1.11 1.12
Industrias Penoles SAB de CV 1.28 1.32 1.19 Bank Negara Indonesia Persero  0.97 0.95 0.92
Grupo Bimbo SAB de CV 1.01 0.96 1.10 Bumi Resources  1.58 1.71 1.46
Grupo Modelo SAB de CV 0.79 0.79 0.86 Indocement Tunggal Prakarsa  1.08 1.09 1.11
Kimberly-Clark de Mexico SAB de CV 0.66 0.66 0.74 Indo Tambangraya Megah  1.06 0.92 1.17
Grupo Elektra SA de CV 0.90 0.63 1.08 Bayan Resources  0.18 0.27 0.03
Mexichem SAB de CV 1.16 1.38 0.97 Semen Gresik Persero  1.06 1.27 0.85
Grupo Carso SAB de CV 0.93 0.90 1.01 Bank Danamon Indonesia  1.21 1.12 1.27
Urbi Desarrollos Urbanos SAB de CV 0.86 0.81 0.93 Tambang Batubara Bukit Asam  1.08 0.99 1.19
Corp GEO SAB de CV 0.90 1.00 0.84 XL Axiata  0.64 0.66 0.46
Grupo Aeroportuario del Pacifico SAB de 0.78 0.90 0.77 International Nickel Indonesia  1.38 1.31 1.57
Empresas ICA SAB de CV 1.06 1.11 1.06 Indofood Sukses Makmur  0.96 0.95 1.03
Genomma Lab Internacional SAB de CV 0.84 1.16 0.57 Astra Agro Lestari  1.14 1.16 1.13
TV Azteca SAB de CV 0.53 0.53 0.54 Bank Internasional Indonesia  0.99 0.76 1.25
Desarrolladora Homex SAB de CV 1.17 1.08 1.28 Kalbe Farma  0.90 0.80 1.04
Organizacion Soriana SAB de CV 0.83 0.67 0.96 Charoen Pokphand Indonesia  1.28 1.48 0.97
Industrias CH SAB de CV 0.93 0.84 1.04 Indosat 0.83 0.67 0.98
Embotelladoras Arca SAB de CV 0.28 0.35 0.27 Bank Pan Indonesia  0.87 0.91 0.89