NNAX (New Momentum) Beta: 0.7197 (As of Aug. 02, 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is New Momentum Beta?

New Momentum NNAX Beta is 0.7197 as of Aug. 02, 2026.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-02), New Momentum's Beta is 0.7197.

New Momentum  (OTCPK:NNAX) 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)

New Momentum Beta Related Terms

New Momentum Beta Historical Data

* Premium members only.

The historical data trend for New Momentum'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.

New Momentum Beta Chart

New Momentum Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beta
Get a 7-Day Free Trial 0.00 0.00 0.00 -1.21 0.07

New Momentum Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.27 0.07 -0.40 -0.39 0.87

NNAX vs UOKAF, AIBT, BKNG: Beta Comparison

For the Travel Services subindustry, New Momentum'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.

New Momentum Beta vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, New Momentum's Beta distribution charts can be found below:

* The bar in red indicates where New Momentum's Beta falls into.


New Momentum 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 0.7197 mean?
New Momentum (NNAX) has a Beta of 0.7197 as of Aug. 02, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for New Momentum and its competitors.
Is New Momentum's Beta too high?
New Momentum's current Beta is 0.7197.
How does New Momentum's Beta compare to UOKAF and AIBT?
New Momentum's Beta of 0.7197 can be compared against companies in the Travel & Leisure 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 a Travel & Leisure company?
A good Beta depends on the Travel & Leisure 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 New Momentum and its competitors. New Momentum's current Beta is 0.7197. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Momentum stock overvalued right now?
New Momentum (NNAX) has a current Beta of 0.7197. The current Beta is 0.7197. 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 New Momentum (NNAX), the current Beta is 0.7197 as of Aug. 02, 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.

New Momentum Business Description

Address 150 Cecil Street, No.08-01, Singapore, SGP, 069543
New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company derives its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.