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Chinese People Holdings Co (FRA:KEH) Beta : -0.77 (As of Dec. 13, 2024)


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What is Chinese People Holdings Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-13), Chinese People Holdings Co's Beta is -0.77.


Chinese People Holdings Co Beta Historical Data

The historical data trend for Chinese People Holdings Co'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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Chinese People Holdings Co Beta Chart

Chinese People Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 2.05 1.52 1.25 -0.26

Chinese People Holdings Co Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.37 1.25 0.75 -0.26 -0.86

Competitive Comparison of Chinese People Holdings Co's Beta

For the Utilities - Regulated Gas subindustry, Chinese People Holdings Co'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.


Chinese People Holdings Co's Beta Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chinese People Holdings Co's Beta distribution charts can be found below:

* The bar in red indicates where Chinese People Holdings Co's Beta falls into.



Chinese People Holdings Co 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.


Chinese People Holdings Co  (FRA:KEH) 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)


Chinese People Holdings Co Beta Related Terms

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Chinese People Holdings Co Business Description

Traded in Other Exchanges
Address
No. 2 Jingyuan North Street, No. 36 BDA International Business Park, Economic Technological Development Area, Beijing, CHN
Chinese People Holdings Co Ltd is an investment holding company. The segments of the company are Piped gas transmission & distribution, which is into sales of piped gas and construction of gas pipeline networks under gas connection contracts; Cylinder gas supply segment includes sales and distribution of gas, Gas distribution segment is into sales of natural gas to industrial and commercial customers; and Food ingredients supply and FMGC segment which is into wholesales and retail of merchandise through supermarkets and convenience stores. Geographically, it derives revenue from the PRC.

Chinese People Holdings Co Headlines

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