Great Tang Bid Technology (Great Tang Bid Technology) Beta : 1.45 (As of May. 27, 2024)

Great Tang Bid Technology Beta Chart

Great Tang Bid Technology Annual Data
	Trend	May07	May08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec20	Dec21
Beta		Get a 7-Day Free Trial					1.18	0.09	-2.83	6.30	5.27

Great Tang Bid Technology Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Beta	Get a 7-Day Free Trial															4.83	4.68	5.24	5.27	5.47

Competitive Comparison of Great Tang Bid Technology's Beta

For the Specialty Chemicals subindustry, Great Tang Bid Technology'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.

Great Tang Bid Technology's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Great Tang Bid Technology's Beta distribution charts can be found below:

* The bar in red indicates where Great Tang Bid Technology's Beta falls into.

Great Tang Bid Technology 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.

Great Tang Bid Technology  (OTCPK:GTBT) 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)

Great Tang Bid Technology Beta Related Terms

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Great Tang Bid Technology (Great Tang Bid Technology) Business Description