GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PT Eterindo Wahanatama Tbk (ISX:ETWA) » Definitions » Beta

PT Eterindo Wahanatama Tbk (ISX:ETWA) Beta : -0.86 (As of May. 12, 2024)


View and export this data going back to 1997. Start your Free Trial

What is PT Eterindo Wahanatama Tbk Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-12), PT Eterindo Wahanatama Tbk's Beta is -0.86.


PT Eterindo Wahanatama Tbk Beta Historical Data

The historical data trend for PT Eterindo Wahanatama Tbk'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.

* Premium members only.

PT Eterindo Wahanatama Tbk Beta Chart

PT Eterindo Wahanatama Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beta
Get a 7-Day Free Trial -1.05 -0.92 0.50 0.23 -0.01

PT Eterindo Wahanatama Tbk Quarterly Data
Dec17 Dec18 Dec19 Sep20 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 -0.03 -0.01 -1.27 - -0.85

Competitive Comparison of PT Eterindo Wahanatama Tbk's Beta

For the Chemicals subindustry, PT Eterindo Wahanatama Tbk'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.


PT Eterindo Wahanatama Tbk's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Eterindo Wahanatama Tbk's Beta distribution charts can be found below:

* The bar in red indicates where PT Eterindo Wahanatama Tbk's Beta falls into.



PT Eterindo Wahanatama Tbk 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.


PT Eterindo Wahanatama Tbk  (ISX:ETWA) 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)


PT Eterindo Wahanatama Tbk Beta Related Terms

Thank you for viewing the detailed overview of PT Eterindo Wahanatama Tbk's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Eterindo Wahanatama Tbk (ISX:ETWA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav.79, Prudential Tower 20th, Jakarta, IDN, 12910
PT Eterindo Wahanatama Tbk is engaged in integrated Palm Oil Plantation and Biodiesel industry, trading of chemical products. The company offers biodiesel for motor vehicles, steam boilers, oil furnaces, generators; and trades in specialty chemical products, including fatty acid methyl ester and other chemicals. The business segment of the company include FAME, Other Chemicals and Fresh Fruit Bunch. The company makes majority of its revenue from Other Chemicals segment.

PT Eterindo Wahanatama Tbk (ISX:ETWA) Headlines

No Headlines