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CXXMF (CMX Gold & Silver) Beta : -1.36 (As of Dec. 12, 2024)


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What is CMX Gold & Silver Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-12), CMX Gold & Silver's Beta is -1.36.


CMX Gold & Silver Beta Historical Data

The historical data trend for CMX Gold & Silver'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.

* Premium members only.

CMX Gold & Silver Beta Chart

CMX Gold & Silver 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 1.19 0.42 -0.05 -0.99 -1.02

CMX Gold & Silver Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 -0.99 -0.38 -1.02 -0.83 -1.07

Competitive Comparison of CMX Gold & Silver's Beta

For the Other Industrial Metals & Mining subindustry, CMX Gold & Silver'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.


CMX Gold & Silver's Beta Distribution in the Metals & Mining Industry

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

* The bar in red indicates where CMX Gold & Silver's Beta falls into.



CMX Gold & Silver 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.


CMX Gold & Silver  (OTCPK:CXXMF) 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)


CMX Gold & Silver Beta Related Terms

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CMX Gold & Silver Business Description

Traded in Other Exchanges
Address
31 Stranraer Place SW, Calgary, AB, CAN, T3H 1H5
CMX Gold & Silver Corp is engaged in mineral exploration. The company is a junior mining company with a silver-lead-zinc property in the United States of America. Its geographical segments are Canada and the United States.

CMX Gold & Silver Headlines

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