NKWFF (Oceanic Wind Energy) Beta: -97.9421 (As of Jun. 25, 2026)


What is Oceanic Wind Energy Beta?

Oceanic Wind Energy NKWFF Beta is -97.9421 as of Jun. 25, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-25), Oceanic Wind Energy's Beta is -97.9421.

Oceanic Wind Energy  (OTCPK:NKWFF) 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)

Oceanic Wind Energy Beta Related Terms

Oceanic Wind Energy Beta Historical Data

* Premium members only.

The historical data trend for Oceanic Wind Energy'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.

Oceanic Wind Energy Beta Chart

Oceanic Wind Energy Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.85 -2,758.38 -3,884.13 -4,539.78 -87.85

Oceanic Wind Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -3,606.58 -51.32 -87.85 -102.96 -65.52

Oceanic Wind Energy Beta Competitor Comparison

For the Utilities - Renewable subindustry, Oceanic Wind Energy'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.

Oceanic Wind Energy Beta vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Oceanic Wind Energy's Beta distribution charts can be found below:

* The bar in red indicates where Oceanic Wind Energy's Beta falls into.


Oceanic Wind Energy 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -97.9421 mean?
Oceanic Wind Energy (NKWFF) has a Beta of -97.9421 as of Jun. 25, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Oceanic Wind Energy and its competitors.
Is Oceanic Wind Energy's Beta too high?
Oceanic Wind Energy's current Beta is -97.9421.
How does Oceanic Wind Energy's Beta compare to competitors?
Oceanic Wind Energy's Beta of -97.9421 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for an Utilities - Independent Power Producers company?
A good Beta depends on the Utilities - Independent Power Producers industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Oceanic Wind Energy and its competitors. Oceanic Wind Energy's current Beta is -97.9421. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceanic Wind Energy stock overvalued right now?
Oceanic Wind Energy (NKWFF) has a current Beta of -97.9421. The current Beta is -97.9421. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Oceanic Wind Energy (NKWFF), the current Beta is -97.9421 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Oceanic Wind Energy Business Description

Other Exchanges NKW.H:Canada
Address 355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8
Oceanic Wind Energy Inc is engaged in the development of renewable energy projects. The company is developing an offshore wind project on the north coast of British Columbia in Hecate Strait.