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RemSense Technologies (ASX:REM) Beta : 1.45 (As of Mar. 24, 2025)


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What is RemSense Technologies Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-24), RemSense Technologies's Beta is 1.45.

RemSense Technologies Beta Historical Data

The historical data trend for RemSense Technologies'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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RemSense Technologies Beta Chart

RemSense Technologies Annual Data
Trend Jun22 Jun23 Jun24
Beta
- - -

RemSense Technologies Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Beta Get a 7-Day Free Trial - - - - 0.58

Competitive Comparison of RemSense Technologies's Beta

For the Information Technology Services subindustry, RemSense Technologies'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.

RemSense Technologies's Beta Distribution in the Software Industry

For the Software industry and Technology sector, RemSense Technologies's Beta distribution charts can be found below:

* The bar in red indicates where RemSense Technologies's Beta falls into.


RemSense Technologies 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.

RemSense Technologies  (ASX:REM) 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)

RemSense Technologies Beta Related Terms

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RemSense Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » RemSense Technologies Ltd (ASX:REM) » Definitions » Beta
Comparable Companies
ASX:AD1 ASX:SOC ASX:ATV ASX:DXN ASX:IFG ASX:CGO ASX:CT1 ASX:ASV ASX:CCG IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH CTSH IT FIS BOM:507685 TSE:6702
Traded in Other Exchanges
N/A
Address
580 Hay Street, Suite 173, Level 3, Perth, WA, AUS, 6000
Website
https://www.remsense.com.au
RemSense Technologies Ltd is engaged in technology development digital engineering solutions and its virtual plant photogrammic Digital Twin software product and services in a range of markets and applications in Western Australia. It is engaged in developing and market virtual plant is a productive and scalable photogrammetric digital twin that enables visual information from remote or distributed assets to be securely available to all users on existing hardware. data and analytics services to clients through both aerial and terrestrial scanning and imaging and a broad spectrum of services such as photogrammetry/surveying, inspection of assets, and environmental and rehabilitation impact studies.