GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobra Resources PLC (LSE:COBR) » Definitions » Beta

Cobra Resources (LSE:COBR) Beta : 0.84 (As of Dec. 14, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Cobra Resources Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Cobra Resources's Beta is 0.84.


Cobra Resources Beta Historical Data

The historical data trend for Cobra Resources'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.

* Premium members only.

Cobra Resources Beta Chart

Cobra Resources Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial - - - - 0.32

Cobra Resources Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 0.32 1.32

Competitive Comparison of Cobra Resources's Beta

For the Other Precious Metals & Mining subindustry, Cobra Resources'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.


Cobra Resources's Beta Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cobra Resources's Beta distribution charts can be found below:

* The bar in red indicates where Cobra Resources's Beta falls into.



Cobra Resources 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.


Cobra Resources  (LSE:COBR) 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)


Cobra Resources Beta Related Terms

Thank you for viewing the detailed overview of Cobra Resources's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Cobra Resources Business Description

Traded in Other Exchanges
N/A
Address
107 Cheapside, 9th Floor, London, GBR, EC2V 6DN
Cobra Resources PLC is an investment company that operates in the extractive industry to explore, develop and mine precious and base metal projects. The Group is engaged in a single segment of business being the exploration of gold in Australia. The Group currently has two geographical reportable segments United Kingdom and Australia.

Cobra Resources Headlines

No Headlines