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Premiere Horizon Alliance (PHS:PHA) Beta : 0.52 (As of Oct. 31, 2024)


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What is Premiere Horizon Alliance Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-10-31), Premiere Horizon Alliance's Beta is 0.52.


Premiere Horizon Alliance Beta Historical Data

The historical data trend for Premiere Horizon Alliance'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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Premiere Horizon Alliance Beta Chart

Premiere Horizon Alliance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
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Premiere Horizon Alliance Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Premiere Horizon Alliance's Beta

For the Real Estate Services subindustry, Premiere Horizon Alliance'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.


Premiere Horizon Alliance's Beta Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Premiere Horizon Alliance's Beta distribution charts can be found below:

* The bar in red indicates where Premiere Horizon Alliance's Beta falls into.



Premiere Horizon Alliance 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.


Premiere Horizon Alliance  (PHS:PHA) 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)


Premiere Horizon Alliance Beta Related Terms

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Premiere Horizon Alliance Business Description

Traded in Other Exchanges
N/A
Address
Exchange Road, Ortigas Center, Unit E-1705, 17th Floor, East Tower, Philippine Stock Exchange Center, Metro Manila, Pasig, PHL, 1605
Premiere Horizon Alliance Corp engages in business activities relating to entertainment, gaming, hotel, and leisure. The company's business segments are Mining, Real estate, Service contracts, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The real estate segment pertains to the operations of GLCI which develops and sells master-planned communities of low to mid-rise residential and commercial condominiums including student dormitories. The service contract segment pertains to the beach operations of TCNBI and to the rental of mining equipment of PGDI. The company generates maximum revenue from Others.