Beta Calculation in WACC

There are several ways to calculate beta, but the most common method is to use
historical data on the stock's returns and the market's returns. Beta can be calculated
using the following formula:

Beta = Covariance(Ri, Rm) / Variance(Rm)

Where:

 Ri is the return on the stock

 Rm is the return on the market
 Covariance is a measure of the relationship between two variables
 Variance is a measure of the dispersion of a set of data around the mean

To calculate beta, you need to gather data on the stock's returns and the market's
returns for a specific period of time. You can then use a spreadsheet software or
statistical software to calculate the beta using the formula above.

There are also many online tools and financial websites that can help you calculate beta,
such as Yahoo Finance, Google Finance, and Bloomberg. These tools typically allow you
to enter the ticker symbol of a stock and provide the beta of the stock based on
historical data.