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Shenzhen-ZhongRong Morgan Investment Holding Group Co Beta

: -0.34 (As of Today)
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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2022-06-25), Shenzhen-ZhongRong Morgan Investment Holding Group Co's Beta is -0.34.


Shenzhen-ZhongRong Morgan Investment Holding Group Co Beta Historical Data

The historical data trend for Shenzhen-ZhongRong Morgan Investment Holding Group 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.

* Premium members only.

Shenzhen-ZhongRong Morgan Investment Holding Group Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Beta
Premium Member Only - - - 10.82 11.02

Shenzhen-ZhongRong Morgan Investment Holding Group Co Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Beta 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 Premium Member Only Premium Member Only Premium Member Only 9.64 9.85 10.55 11.02 11.24

Competitive Comparison

For the Shell Companies subindustry, Shenzhen-ZhongRong Morgan Investment Holding Group 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.

   

Shenzhen-ZhongRong Morgan Investment Holding Group Co Beta Distribution

For the Diversified Financial Services industry and Financial Services sector, Shenzhen-ZhongRong Morgan Investment Holding Group Co's Beta distribution charts can be found below:

* The bar in red indicates where Shenzhen-ZhongRong Morgan Investment Holding Group Co's Beta falls into.



Shenzhen-ZhongRong Morgan Investment Holding Group 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.


Shenzhen-ZhongRong Morgan Investment Holding Group Co  (GREY:ZRMG) 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)


Shenzhen-ZhongRong Morgan Investment Holding Group Co Beta Related Terms

Thank you for viewing the detailed overview of Shenzhen-ZhongRong Morgan Investment Holding Group Co's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen-ZhongRong Morgan Investment Holding Group Co Business Description

Shenzhen-ZhongRong Morgan Investment Holding Group Co logo
Industry
Traded in Other Exchanges
N/A
Address
136-40 39th Avenue, Suite 6B, Garden Plaza, Flushing, NY, USA, 11354
Website
Shenzhen-ZhongRong Morgan Investment Holding Group Co Ltd is a shell company.

Shenzhen-ZhongRong Morgan Investment Holding Group Co Headlines

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