Paragon Advanced Labs (FRA:B66) Beta: N/A (As of Jul. 26, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:B66 Paragon Advanced Labs Inc FRA:B66
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What is Paragon Advanced Labs Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-26), Paragon Advanced Labs's Beta is Not available.

Paragon Advanced Labs  (FRA:B66) 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)

Paragon Advanced Labs Beta Related Terms

Paragon Advanced Labs Beta Historical Data

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The historical data trend for Paragon Advanced Labs'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.

Paragon Advanced Labs Beta Chart

Paragon Advanced Labs Annual Data
Trend
Beta

Paragon Advanced Labs Semi-Annual Data
Mar25
Beta 0.00
FRA:B66
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Paragon Advanced Labs Inc FRA:B66
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Paragon Advanced Labs 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.

Paragon Advanced Labs Business Description

Other Exchanges PALS:Canada
Address 120 Adelaide Street West, Suite 2400, Toronto, ON, CAN, M5H 1T1
Paragon Advanced Labs Inc provides mineral assays and geochemical analysis and testing to the natural resource industry. Its service offerings include a wide range of analytical techniques to suit the needs of the mining industry.
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