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CNOBF (Hemlo Explorers) Beta : -0.44 (As of Dec. 13, 2024)


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What is Hemlo Explorers Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-13), Hemlo Explorers's Beta is -0.44.


Hemlo Explorers Beta Historical Data

The historical data trend for Hemlo Explorers'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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Hemlo Explorers Beta Chart

Hemlo Explorers Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only -762.21 1.79 2.69 1.43 -0.60

Hemlo Explorers Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.10 -0.15 -0.60 -0.77 -0.72

Competitive Comparison of Hemlo Explorers's Beta

For the Other Industrial Metals & Mining subindustry, Hemlo Explorers'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.


Hemlo Explorers's Beta Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hemlo Explorers's Beta distribution charts can be found below:

* The bar in red indicates where Hemlo Explorers's Beta falls into.



Hemlo Explorers 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.


Hemlo Explorers  (OTCPK:CNOBF) 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)


Hemlo Explorers Beta Related Terms

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Hemlo Explorers Business Description

Traded in Other Exchanges
Address
141 Adelaide Street West, Suite 301, Toronto, ON, CAN, M5H 3L5
Hemlo Explorers Inc is a Canada-based natural resource exploration and development company. Its projects include the North Limb, Belcher Islands Iron, Hemlo camp, project Idaho, and others.