New Frontier Energy (New Frontier Energy) Beta : 1839.78 (As of May. 29, 2024)

New Frontier Energy Beta Chart

New Frontier Energy Quarterly Data
	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11
Beta	Get a 7-Day Free Trial															0.67	0.06	0.01	-0.14	0.04

Competitive Comparison of New Frontier Energy's Beta

For the Oil & Gas E&P subindustry, New Frontier Energy'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.

New Frontier Energy's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, New Frontier Energy's Beta distribution charts can be found below:

* The bar in red indicates where New Frontier Energy's Beta falls into.

New Frontier Energy 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.

New Frontier Energy  (OTCPK:NFEI) 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)

New Frontier Energy Beta Related Terms

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New Frontier Energy (New Frontier Energy) Business Description