Optima Automobile Group Holdings (HKSE:08418) Beta : 0.85 (As of Mar. 31, 2025)

Optima Automobile Group Holdings Beta Chart

Optima Automobile Group 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															1.13	1.45	1.38	1.26	1.22

Competitive Comparison of Optima Automobile Group Holdings's Beta

For the Auto Parts subindustry, Optima Automobile Group 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.

Optima Automobile Group Holdings's Beta Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Optima Automobile Group Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Optima Automobile Group Holdings's Beta falls into.

Optima Automobile Group 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.

Optima Automobile Group Holdings  (HKSE:08418) 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)

Optima Automobile Group Holdings Beta Related Terms

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Optima Automobile Group Holdings Business Description