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CleanSpace Holdings (ASX:CSX) Beta : 1.10 (As of Dec. 12, 2024)


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What is CleanSpace Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-12), CleanSpace Holdings's Beta is 1.10.


CleanSpace Holdings Beta Historical Data

The historical data trend for CleanSpace Holdings'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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CleanSpace Holdings Beta Chart

CleanSpace Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Beta
- - - - 0.73

CleanSpace Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Beta Get a 7-Day Free Trial - - - 0.48 0.73

Competitive Comparison of CleanSpace Holdings's Beta

For the Medical Devices subindustry, CleanSpace Holdings'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.


CleanSpace Holdings's Beta Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, CleanSpace Holdings's Beta distribution charts can be found below:

* The bar in red indicates where CleanSpace Holdings's Beta falls into.



CleanSpace Holdings 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.


CleanSpace Holdings  (ASX:CSX) 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)


CleanSpace Holdings Beta Related Terms

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CleanSpace Holdings Business Description

Traded in Other Exchanges
N/A
Address
Unit 5/39 Herbert Street, Saint Leonards, NSW, AUS, 2065
CleanSpace Holdings Ltd manufactures and sells respirators and related products and services. Its products include Compare, CleanSpace HALO, CleanSpace ULTRA, Masks, Filters, and Compatible Products. The company's operating segment is based on regions that include, Europe, Asia, and North America, and the majority of its revenue is generated from Europe.