Bellzone Mining (LSE:BZM) Beta: N/A (As of Jun. 27, 2026)


What is Bellzone Mining Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Bellzone Mining's Beta is Not available.

Bellzone Mining  (LSE:BZM) 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)

Bellzone Mining Beta Related Terms

Bellzone Mining Beta Historical Data

* Premium members only.

The historical data trend for Bellzone Mining'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.

Bellzone Mining Beta Chart

Bellzone Mining Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Beta
Get a 7-Day Free Trial Premium Member Only 2.28 1.70 0.37 0.20 0.00

Bellzone Mining Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 -0.09 0.20 -3.97 0.00 0.00

Bellzone Mining 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.

Bellzone Mining Business Description

Bellzone Mining PLC is party to a legally-ratified Mining Convention in Guinea. It governs its mining concession to explore and exploit the iron ore resources at Kalia in the Faranah region. The company has four reportable segments: Kalia segment represents the exploration activities undertaken at the Kalia Mine; Forécariah segment represents the 50:50 joint venture between Bellzone and China International Fund Ltd (CIF) to fully fund exploration and development of a mine and infrastructure; Sadeka segment represents exploration activities for nickel and copper in south-east Guinea; and Technical & Support Services represents funding, shared services, treasury and technical support delivered from Jersey, Singapore and the Conakry office in Guinea, it is also its revenue earning segment.