GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Yangtze Power Co Ltd (LSE:CYPC) » Definitions » Beta

China Yangtze Power Co (LSE:CYPC) Beta : 0.36 (As of Dec. 15, 2024)


View and export this data going back to 2020. Start your Free Trial

What is China Yangtze Power Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), China Yangtze Power Co's Beta is 0.36.


China Yangtze Power Co Beta Historical Data

The historical data trend for China Yangtze Power Co'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.

China Yangtze Power Co Beta Chart

China Yangtze Power Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.63

China Yangtze Power Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only 0.60 0.63 - 0.45 0.50

Competitive Comparison of China Yangtze Power Co's Beta

For the Utilities - Renewable subindustry, China Yangtze Power Co'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.


China Yangtze Power Co's Beta Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Yangtze Power Co's Beta distribution charts can be found below:

* The bar in red indicates where China Yangtze Power Co's Beta falls into.



China Yangtze Power Co 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.


China Yangtze Power Co  (LSE:CYPC) 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)


China Yangtze Power Co Beta Related Terms

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


China Yangtze Power Co Business Description

Traded in Other Exchanges
Address
No. 19, Financial Street, Tower B, Focus Place, Xicheng District, Beijing, CHN, 100033
China Yangtze Power Co Ltd business activities include hydroelectric power generation, power distribution and sales, overseas power station's operation, management, consultation services, investment, and financing. It has expanded its business to countries such as Germany, Peru, Brazil, and Malaysia. It has also established its power distribution and sales platforms such as Three Gorges Water Conservancy and Peru LuzdelSur. The company owns the power generation assets of four hydropower plants on the mainstream of the Yangtze River, namely Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba.

China Yangtze Power Co Headlines

No Headlines