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Elin Electronics (BOM:543725) Beta : N/A (As of Dec. 15, 2024)


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What is Elin Electronics Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Elin Electronics's Beta is Not available.


Elin Electronics Beta Historical Data

The historical data trend for Elin Electronics'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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Elin Electronics Beta Chart

Elin Electronics Annual Data
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Elin Electronics Quarterly Data
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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 - - - - -

Competitive Comparison of Elin Electronics's Beta

For the Electrical Equipment & Parts subindustry, Elin Electronics'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.


Elin Electronics's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elin Electronics's Beta distribution charts can be found below:

* The bar in red indicates where Elin Electronics's Beta falls into.



Elin Electronics 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.


Elin Electronics  (BOM:543725) 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)


Elin Electronics Beta Related Terms

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Elin Electronics Business Description

Traded in Other Exchanges
Address
4771, Bharat Ram Road, 23, Daryaganj, New Delhi, IND, 110002
Elin Electronics Ltd is an electronics manufacturing services provider. It is a manufacturer of end-to-end product solutions for brands of lighting, fans, and small/ kitchen appliances in India. The company's diversified product portfolio includes (i) LED lighting, fans and switches including lighting products, ceiling, fresh air and TPW fans, and modular switches and sockets; small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryer and hair straightener; fractional horsepower motors, which is used in mixer grinder, hand blender, wet grinder, chimney, air conditioner, heat convector, TPW fans etc.; and other miscellaneous products.

Elin Electronics Headlines

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