Pan Asia (ASX:PZC) Beta : N/A (As of Jun. 24, 2024)

Pan Asia Beta Chart

Pan Asia Annual Data
	Trend	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18
Beta		Get a 7-Day Free Trial					3.32	1.31	0.87	-	-

Pan Asia Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Beta	Get a 7-Day Free Trial															0.87	-	-	-	-

Competitive Comparison of Pan Asia's Beta

For the Coking Coal subindustry, Pan Asia'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.

Pan Asia's Beta Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pan Asia's Beta distribution charts can be found below:

* The bar in red indicates where Pan Asia's Beta falls into.

Pan Asia 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.

Pan Asia  (ASX:PZC) 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)

Pan Asia Beta Related Terms

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Pan Asia (ASX:PZC) Business Description