GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Zhengdan Chemical Industry Co Ltd (SZSE:300641) » Definitions » Beta

Jiangsu Zhengdan Chemical Industry Co (SZSE:300641) Beta : 2.72 (As of Jun. 03, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Zhengdan Chemical Industry Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-03), Jiangsu Zhengdan Chemical Industry Co's Beta is 2.72.


Jiangsu Zhengdan Chemical Industry Co Beta Historical Data

The historical data trend for Jiangsu Zhengdan Chemical Industry Co'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.

Jiangsu Zhengdan Chemical Industry Co Beta Chart

Jiangsu Zhengdan Chemical Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.81 0.95 1.23 1.63

Jiangsu Zhengdan Chemical Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.26 1.30 1.33 1.63 1.43

Competitive Comparison of Jiangsu Zhengdan Chemical Industry Co's Beta

For the Chemicals subindustry, Jiangsu Zhengdan Chemical Industry Co'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.


Jiangsu Zhengdan Chemical Industry Co's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Zhengdan Chemical Industry Co's Beta distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhengdan Chemical Industry Co's Beta falls into.



Jiangsu Zhengdan Chemical Industry Co 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.


Jiangsu Zhengdan Chemical Industry Co  (SZSE:300641) 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)


Jiangsu Zhengdan Chemical Industry Co Beta Related Terms

Thank you for viewing the detailed overview of Jiangsu Zhengdan Chemical Industry Co's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiangsu Zhengdan Chemical Industry Co (SZSE:300641) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Songlinshan Road, International Chemical Industrial Park, Zhenjiang New District, Jiangsu Province, Jiangsu, CHN, 212132
Jiangsu Zhengdan Chemical Industry Co Ltd is a Chinese company operating in the field of specialty fine chemicals. It is engaged in research and development, manufacturing and sales of new materials and fine chemicals. The company's product portfolio includes Vinyl toluene, High-flash aromatic naphthas, Trimellitic anhydride, and Trimethylbenzene, among others.

Jiangsu Zhengdan Chemical Industry Co (SZSE:300641) Headlines

No Headlines