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Daiwa Heavy Industry Co (TSE:5610) Beta : 0.07 (As of Apr. 30, 2024)


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What is Daiwa Heavy Industry Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-30), Daiwa Heavy Industry Co's Beta is 0.07.


Daiwa Heavy Industry Co Beta Historical Data

The historical data trend for Daiwa Heavy 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.

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Daiwa Heavy Industry Co Beta Chart

Daiwa Heavy 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 1.19 1.17 0.87 0.94 0.10

Daiwa Heavy Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.94 0.53 0.36 -0.04 0.10

Competitive Comparison of Daiwa Heavy Industry Co's Beta

For the Building Products & Equipment subindustry, Daiwa Heavy 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.


Daiwa Heavy Industry Co's Beta Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daiwa Heavy Industry Co's Beta distribution charts can be found below:

* The bar in red indicates where Daiwa Heavy Industry Co's Beta falls into.



Daiwa Heavy 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.


Daiwa Heavy Industry Co  (TSE:5610) 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)


Daiwa Heavy Industry Co Beta Related Terms

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Daiwa Heavy Industry Co (TSE:5610) Business Description

Traded in Other Exchanges
N/A
Address
KOBE 1 - chome 21 - 23, Yasagi-ku, Hiroshima, JPN, 7310221
Daiwa Heavy Industry Co., Ltd. manufactures and processes castings for industry and home use. The operates through two divisions, industrial machinery related equipment division and housing-related equipment division. In the industrial machinery-related equipment division, it covers a range of castings in all areas. On the other hand, the housing-related equipment division is focusing on the casting enamel bathtub. The company is also putting efforts into landscape products and cast iron equipment for construction.

Daiwa Heavy Industry Co (TSE:5610) Headlines

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