GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Raiden Resources Ltd (ASX:RDN) » Definitions » Beta

Raiden Resources (ASX:RDN) Beta : -0.79 (As of Dec. 15, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Raiden Resources Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Raiden Resources's Beta is -0.79.


Raiden Resources Beta Historical Data

The historical data trend for Raiden 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.

* Premium members only.

Raiden Resources Beta Chart

Raiden Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 1.26 1.07 0.08 -0.67

Raiden Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.07 0.93 0.08 -0.35 -0.67

Competitive Comparison of Raiden Resources's Beta

For the Other Precious Metals & Mining subindustry, Raiden 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.


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

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

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



Raiden 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.


Raiden Resources  (ASX:RDN) 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)


Raiden Resources Beta Related Terms

Thank you for viewing the detailed overview of Raiden Resources's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Raiden Resources Business Description

Traded in Other Exchanges
Address
63 Shepperton Road, Suite 7, Victoria Park, West Perth, Perth, WA, AUS, 6100
Raiden Resources Ltd is a company engaged in mineral exploration. The exploration projects of the company include Boodaylerrie, Mt Sholl, Yandicoogina, Arrow, Tolisnica Stanca, Majdanpek West, Donje Nevlje, Pirot, Zupa, Vuzel, Kalabak, Zlatusha and BG1.

Raiden Resources Headlines