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Wise Living Technology Co (HKSE:02481) Beta : N/A (As of Jun. 09, 2024)


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What is Wise Living Technology Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-09), Wise Living Technology Co's Beta is Not available.


Wise Living Technology Co Beta Historical Data

The historical data trend for Wise Living Technology 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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Wise Living Technology Co Beta Chart

Wise Living Technology Co Annual Data
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Beta
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Wise Living Technology Co Semi-Annual Data
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Competitive Comparison of Wise Living Technology Co's Beta

For the Utilities - Independent Power Producers subindustry, Wise Living Technology 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.


Wise Living Technology Co's Beta Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Beta distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Beta falls into.



Wise Living Technology 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.


Wise Living Technology Co  (HKSE:02481) 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)


Wise Living Technology Co Beta Related Terms

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Wise Living Technology Co (HKSE:02481) Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN
Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.
Executives
Galaxy Way Development Limited 2101 Beneficial owner
Gofintech Innovation Limited 2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited 2101 Beneficial owner
Zhou Xiaoping 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si 2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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