Four Nines Gold (FRA:F8NA) Beta: N/A (As of Jun. 27, 2026)


FRA:F8NA Four Nines Gold Inc FRA:F8NA
12 GF Score
Price €0.29
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What is Four Nines Gold Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Four Nines Gold's Beta is Not available.

Four Nines Gold  (FRA:F8NA) 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)

Four Nines Gold Beta Related Terms

Four Nines Gold Beta Historical Data

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The historical data trend for Four Nines Gold'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.

Four Nines Gold Beta Chart

Four Nines Gold Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beta
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Four Nines Gold Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 0.00 0.00 0.00 0.00 0.00
FRA:F8NA
12GF Score
Four Nines Gold Inc FRA:F8NA
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Nines Gold 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.

Four Nines Gold Business Description

Other Exchanges FNAUF:USAFNAU:Canada
Address 409 Granville Street, Suite 1600, Vancouver, BC, CAN, V6C 1T2
Four Nines Gold Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its project includes the Hayden Hill gold-silver project in Northern California. Geographically, the company has its presence in Canada and the United States of America.
12GF Score

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

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