Asim Textile Mills (KAR:ASTM) Beta: N/A (As of Jun. 26, 2026)


What is Asim Textile Mills Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Asim Textile Mills's Beta is Not available.

Asim Textile Mills  (KAR:ASTM) 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)

Asim Textile Mills Beta Related Terms

Asim Textile Mills Beta Historical Data

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The historical data trend for Asim Textile Mills'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.

Asim Textile Mills Beta Chart

Asim Textile Mills Annual Data
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Asim Textile Mills Quarterly Data
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Asim Textile Mills 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.

Asim Textile Mills Business Description

Address J.K House, Susan Road, 32-W Main Boulevard, Madina Town, Faisalabad, PB, PAK, 38090
Asim Textile Mills Ltd manufactures and exports polyester and cotton yarn. Its products include Bed in a Bag, Sheet Sets, Comforter Sets, Duvet Sets, and Curtains.