Telares de Palo Grande S.A.C.A (CAR:TPG) Beta: N/A (As of Jun. 29, 2026)


CAR:TPG Telares de Palo Grande S.A.C.A CAR:TPG
28 GF Score
Price VES12.00
! 1 Warning Sign
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What is Telares de Palo Grande S.A.C.A Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-29), Telares de Palo Grande S.A.C.A's Beta is Not available.

Telares de Palo Grande S.A.C.A  (CAR:TPG) 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)

Telares de Palo Grande S.A.C.A Beta Related Terms

Telares de Palo Grande S.A.C.A Beta Historical Data

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The historical data trend for Telares de Palo Grande S.A.C.A'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.

Telares de Palo Grande S.A.C.A Beta Chart

Telares de Palo Grande S.A.C.A Annual Data
Trend
Beta

Telares de Palo Grande S.A.C.A Semi-Annual Data
Beta
CAR:TPG
28GF Score
Telares de Palo Grande S.A.C.A CAR:TPG
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Telares de Palo Grande S.A.C.A 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.

Telares de Palo Grande S.A.C.A Business Description

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Address Zona Industrial Ruiz Pineda, a 200 mts. del Liceo Gran Mariscal de Ayacucho, Caricuao, Caracas, VEN
Telares de Palo Grande S.A.C.A is engaged in manufacturing of towels.The company use Orinoco type cotton and American cotton, which the company convert into yarn to make the towels. The company is divided into Spinning department, Dry Cleaning Department and Clothing Department. It's equipment includes Schlafhorst open end spinning machines, Sulzer towel looms, Thies dyeing machines and Texpa automated sewing machines.
28GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

VES12.00
Price