Tri-Pack Films (KAR:TRIPF) Beta : N/A (As of Jun. 21, 2024)

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What is Tri-Pack Films Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-21), Tri-Pack Films's Beta is Not available.

Tri-Pack Films Beta Historical Data

The historical data trend for Tri-Pack Films'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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Tri-Pack Films Beta Chart

Tri-Pack Films Annual Data

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Tri-Pack Films Quarterly Data

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Competitive Comparison of Tri-Pack Films's Beta

For the Packaging & Containers subindustry, Tri-Pack Films'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.

Tri-Pack Films's Beta Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tri-Pack Films's Beta distribution charts can be found below:

* The bar in red indicates where Tri-Pack Films's Beta falls into.

Tri-Pack Films 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.

Tri-Pack Films (KAR:TRIPF) 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)

Tri-Pack Films Beta Related Terms

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Tri-Pack Films (KAR:TRIPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tri-Pack Films Ltd (KAR:TRIPF) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sir Abdullah Haroon Road, House No. 18, Near Marriott Hotel, Karachi, SD, PAK

Website

https://www.tripack.com.pk

Tri-Pack Films Ltd is engaged in manufacturing and selling packaging films. The company offers Biaxially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP) packaging films, which are produced to meet the packaging needs. It also offers solutions for food and beverage applications and non-food applications. It derives major revenue through the sales of BOPP packaging films. The company's manufacturing plants are located in Karachi and Khyber Pakhtunkhwa.

Tri-Pack Films (KAR:TRIPF) Headlines

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