Macallum New Energy (ASX:MNE) Beta: N/A (As of Jun. 28, 2026)


ASX:MNE Macallum New Energy Ltd ASX:MNE
16 GF Score
Price A$0.14
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What is Macallum New Energy Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-28), Macallum New Energy's Beta is Not available.

Macallum New Energy  (ASX:MNE) 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)

Macallum New Energy Beta Related Terms

Macallum New Energy Beta Historical Data

* Premium members only.

The historical data trend for Macallum New Energy'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.

Macallum New Energy Beta Chart

Macallum New Energy Annual Data
Trend Jun23 Jun24 Jun25
Beta
0.00 0.00 0.00

Macallum New Energy Semi-Annual Data
Jun23 Jun24 Jun25 Dec25
Beta 0.00 0.00 0.00 0.00
ASX:MNE
16GF Score
Macallum New Energy Ltd ASX:MNE
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Macallum New Energy 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.

Macallum New Energy Business Description

Industry EnergyOil & Gas
Address 11 Moreau Mews, Applecross, WA, AUS, 6153
Macallum New Energy Ltd is an oil and gas exploration company. The company is focused on the assessment and future development of its exploration projects located in the onshore Northern Perth Basin in Western Australia.
16GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.14
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