Nimy Resources (ASX:NIM) Beta: -2.2015 (As of Jun. 26, 2026)


What is Nimy Resources Beta?

Nimy Resources ASX:NIM -8.89% Beta is -2.2015 as of Jun. 26, 2026. The stock has 3 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Nimy Resources's Beta is -2.2015.

Nimy Resources  (ASX:NIM) 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)

Nimy Resources Beta Related Terms

Nimy Resources Beta Historical Data

* Premium members only.

The historical data trend for Nimy 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.

Nimy Resources Beta Chart

Nimy Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Beta
0.00 0.00 0.00 0.00 -1.43

Nimy Resources Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -1.65 -1.43 -2.44

Nimy Resources Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Nimy 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.

Nimy Resources Beta vs Metals & Mining Industry

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

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


Nimy 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -2.2015 mean?
Nimy Resources (ASX:NIM) has a Beta of -2.2015 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nimy Resources and its competitors.
Is Nimy Resources' Beta too high?
Nimy Resources' current Beta is -2.2015.
How does Nimy Resources' Beta compare to competitors?
Nimy Resources' Beta of -2.2015 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Nimy Resources and its competitors. Nimy Resources's current Beta is -2.2015. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nimy Resources stock overvalued right now?
Nimy Resources (ASX:NIM) has a current Beta of -2.2015. The current Beta is -2.2015. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Nimy Resources (ASX:NIM), the current Beta is -2.2015 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nimy Resources Business Description

Other Exchanges P4G:Germany
Address 254 Adelaide Terrace, Perth, WA, AUS, 6000
Nimy Resources Ltd is a nickel resources exploration company. The Group operates only in one reportable segment being predominately in the area of exploration at its Mons Project, located in Western Australia. The tenement package is prospective for gallium, copper, gold, nickel, lithium, rare earths, other precious metals and base metals targets.