Panex Resources (Panex Resources) Beta : -2258.82 (As of Jun. 25, 2024)

Panex Resources Beta Chart

Panex Resources Annual Data
	Trend	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16
Beta		Get a 7-Day Free Trial					1.10	8.05	11.12	14.91	-2.95

Panex Resources Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16
Beta	Get a 7-Day Free Trial															14.91	11.09	-0.01	-0.32	-2.95

Competitive Comparison of Panex Resources's Beta

For the Other Industrial Metals & Mining subindustry, Panex 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.

Panex Resources's Beta Distribution in the Metals & Mining Industry

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

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

Panex 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.

Panex Resources  (OTCPK:DBGF) 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)

Panex Resources Beta Related Terms

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Panex Resources (Panex Resources) Business Description