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MWSNF (Southern Cross Gold Consolidated) Beta : -0.01 (As of Mar. 16, 2025)


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What is Southern Cross Gold Consolidated Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-16), Southern Cross Gold Consolidated's Beta is -0.01.


Southern Cross Gold Consolidated Beta Historical Data

The historical data trend for Southern Cross Gold Consolidated'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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Southern Cross Gold Consolidated Beta Chart

Southern Cross Gold Consolidated Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.47 2.33 2.63 1.25 0.36

Southern Cross Gold Consolidated Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 0.34 0.38 0.36 0.49 0.26

Competitive Comparison of Southern Cross Gold Consolidated's Beta

For the Gold subindustry, Southern Cross Gold Consolidated'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.


Southern Cross Gold Consolidated's Beta Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Cross Gold Consolidated's Beta distribution charts can be found below:

* The bar in red indicates where Southern Cross Gold Consolidated's Beta falls into.



Southern Cross Gold Consolidated 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.


Southern Cross Gold Consolidated  (OTCPK:MWSNF) 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)


Southern Cross Gold Consolidated Beta Related Terms

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Southern Cross Gold Consolidated Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Southern Cross Gold Consolidated Ltd is a gold exploration company. The projects of the company include Sunday Creek, Redcastle, MT Isa, and others. The Company is also engaged exploring in antimony in the Victorian Goldfields.