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Suzhou Jcon Building Technology Co (BJSE:836149) Beta : 0.93 (As of Jun. 24, 2024)


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What is Suzhou Jcon Building Technology Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-24), Suzhou Jcon Building Technology Co's Beta is 0.93.


Suzhou Jcon Building Technology Co Beta Historical Data

The historical data trend for Suzhou Jcon Building Technology Co'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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Suzhou Jcon Building Technology Co Beta Chart

Suzhou Jcon Building Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 1.82 2.24 2.80 0.85

Suzhou Jcon Building Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.86 2.94 0.87 0.85 0.84

Competitive Comparison of Suzhou Jcon Building Technology Co's Beta

For the Engineering & Construction subindustry, Suzhou Jcon Building Technology Co'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.


Suzhou Jcon Building Technology Co's Beta Distribution in the Construction Industry

For the Construction industry and Industrials sector, Suzhou Jcon Building Technology Co's Beta distribution charts can be found below:

* The bar in red indicates where Suzhou Jcon Building Technology Co's Beta falls into.



Suzhou Jcon Building Technology Co 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.


Suzhou Jcon Building Technology Co  (BJSE:836149) 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)


Suzhou Jcon Building Technology Co Beta Related Terms

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Suzhou Jcon Building Technology Co (BJSE:836149) Business Description

Traded in Other Exchanges
N/A
Address
No. 111, Bada Street, 10th Floor, Zhongheng Design Building, Suzhou Industrial Park, Suzhou, CHN, 215000
Suzhou Jcon Building Technology Co Ltd enterprise specializes in prefabricated building and construction. Its main business involves new prefabricated walls, and professional contracting of special professional projects, including preliminary in-depth design, on-site construction and installation, and after-sales maintenance. The company's business reaches diverse fields including research, design, manufacturing, supply, and construction.

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