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Phoenitron Holdings (HKSE:08066) Beta : -0.03 (As of Mar. 15, 2025)


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What is Phoenitron Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-15), Phoenitron Holdings's Beta is -0.03.


Phoenitron Holdings Beta Historical Data

The historical data trend for Phoenitron Holdings'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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Phoenitron Holdings Beta Chart

Phoenitron Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.13 -0.16 0.08 -0.07

Phoenitron Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -0.06 0.03 -0.04 -0.07 -0.06

Competitive Comparison of Phoenitron Holdings's Beta

For the Semiconductors subindustry, Phoenitron Holdings'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.


Phoenitron Holdings's Beta Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Phoenitron Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Phoenitron Holdings's Beta falls into.



Phoenitron Holdings 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.


Phoenitron Holdings  (HKSE:08066) 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)


Phoenitron Holdings Beta Related Terms

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Phoenitron Holdings Business Description

Traded in Other Exchanges
N/A
Address
World Finance Centre, Suite 710, 7th Floor, North Tower, Harbour City, Tsimshatsui, Kowloon, HKG
Phoenitron Holdings Ltd is engaged in the manufacturing and sales of smart cards, the provision of customized smart card application systems, the provision of financial and management consultancy services, sales and trading of scrap metals, and investment in the media and entertainment industry. It operates in five segments namely Sales of smart cards; Sales of smart card application systems; Financial and management consultancy services; Sales and trading of scrap metals; and Media and entertainment. It derives revenue from the Sales of the smart cards segment.
Executives
Guo Rong Xiang 2101 Beneficial owner
Tsai Chi Yuan 2101 Beneficial owner
Golden Dice Co. Limited 2101 Beneficial owner
Best Heaven Ltd.

Phoenitron Holdings Headlines

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