Thermic Sciences International (Thermic Sciences International) Beta : 0.45 (As of May. 02, 2024)

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What is Thermic Sciences International Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-02), Thermic Sciences International's Beta is 0.45.

Thermic Sciences International Beta Historical Data

The historical data trend for Thermic Sciences International's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thermic Sciences International Beta Chart

Thermic Sciences International Annual Data

Trend

Dec03

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Dec12

Beta

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0.14

2.91

4.75

2.95

5.70

Thermic Sciences International Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Beta	Get a 7-Day Free Trial															3.22	7.92	4.01	5.70	4.64

Competitive Comparison of Thermic Sciences International's Beta

For the Specialty Chemicals subindustry, Thermic Sciences International's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thermic Sciences International's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thermic Sciences International's Beta distribution charts can be found below:

* The bar in red indicates where Thermic Sciences International's Beta falls into.

Thermic Sciences International Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Thermic Sciences International (OTCPK:ENDO) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Thermic Sciences International Beta Related Terms

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