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Mandalay Resources (TSX:MND) Beta : 0.28 (As of May. 14, 2024)


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What is Mandalay Resources Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-14), Mandalay Resources's Beta is 0.28.


Mandalay Resources Beta Historical Data

The historical data trend for Mandalay Resources'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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Mandalay Resources Beta Chart

Mandalay Resources 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 5.33 1.98 1.65 0.69 0.38

Mandalay Resources 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 1.63 0.19 -0.03 0.38 -

Competitive Comparison of Mandalay Resources's Beta

For the Gold subindustry, Mandalay Resources'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.


Mandalay Resources's Beta Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mandalay Resources's Beta distribution charts can be found below:

* The bar in red indicates where Mandalay Resources's Beta falls into.



Mandalay Resources 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.


Mandalay Resources  (TSX:MND) 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)


Mandalay Resources Beta Related Terms

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Mandalay Resources (TSX:MND) Business Description

Traded in Other Exchanges
Address
76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1
Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.
Executives
Frazer William Bourchier Senior Officer

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