Brinx Resources (Brinx Resources) Beta : 78.79 (As of May. 17, 2024)

Brinx Resources Beta Chart

Brinx Resources Annual Data
	Trend	Oct05	Oct06	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Oct13	Oct14
Beta		Get a 7-Day Free Trial					2.34	1.64	0.85	0.08	-2.60

Brinx Resources Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Beta	Get a 7-Day Free Trial															-1.00	-2.60	-2.89	-3.12	-2.71

Competitive Comparison of Brinx Resources's Beta

For the Oil & Gas Integrated subindustry, Brinx 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.

Brinx Resources's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Brinx Resources's Beta distribution charts can be found below:

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

Brinx 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.

Brinx Resources  (OTCPK:BNXR) 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)

Brinx Resources Beta Related Terms

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Brinx Resources (Brinx Resources) Business Description