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Tse Sui Luen Jewellery (International) (HKSE:00417) Beta : 0.22 (As of May. 15, 2024)


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What is Tse Sui Luen Jewellery (International) Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-15), Tse Sui Luen Jewellery (International)'s Beta is 0.22.


Tse Sui Luen Jewellery (International) Beta Historical Data

The historical data trend for Tse Sui Luen Jewellery (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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Tse Sui Luen Jewellery (International) Beta Chart

Tse Sui Luen Jewellery (International) Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Mar19 Mar20 Mar21 Mar22 Mar23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.51 0.72 0.57 0.33

Tse Sui Luen Jewellery (International) Semi-Annual Data
Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.57 0.51 0.33 0.31

Competitive Comparison of Tse Sui Luen Jewellery (International)'s Beta

For the Luxury Goods subindustry, Tse Sui Luen Jewellery (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.


Tse Sui Luen Jewellery (International)'s Beta Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tse Sui Luen Jewellery (International)'s Beta distribution charts can be found below:

* The bar in red indicates where Tse Sui Luen Jewellery (International)'s Beta falls into.



Tse Sui Luen Jewellery (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.


Tse Sui Luen Jewellery (International)  (HKSE:00417) 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)


Tse Sui Luen Jewellery (International) Beta Related Terms

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Tse Sui Luen Jewellery (International) (HKSE:00417) Business Description

Traded in Other Exchanges
N/A
Address
30 Man Yue Street, Ground Floor, Block B, Summit Building, Hunghom, Kowloon, Hong Kong, HKG
Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and other countries.

Tse Sui Luen Jewellery (International) (HKSE:00417) Headlines

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