GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Energy Metals Corp (OTCPK:NRGYF) » Definitions » Beta

NRGYF (New Energy Metals) Beta : 4.66 (As of Mar. 16, 2025)


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

What is New Energy Metals Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-16), New Energy Metals's Beta is 4.66.


New Energy Metals Beta Historical Data

The historical data trend for New Energy Metals'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.

New Energy Metals Beta Chart

New Energy Metals Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Beta
Get a 7-Day Free Trial - 13.84 13.44 -1.15 1.20

New Energy Metals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.14 1.20 1.20 1.42 1.59

Competitive Comparison of New Energy Metals's Beta

For the Other Industrial Metals & Mining subindustry, New Energy Metals'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 Energy Metals's Beta Distribution in the Metals & Mining Industry

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

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



New Energy Metals 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.


New Energy Metals  (OTCPK:NRGYF) 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 Energy Metals Beta Related Terms

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


New Energy Metals Business Description

Traded in Other Exchanges
Address
885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
New Energy Metals Corp is a mining company. Principally it is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is focused on the development of the Cristal Copper project located in northernmost Chile, adjacent to the Peruvian border. The company's project includes Atikokan Lithium Property, Roslyn Lithium Property and Troitsa Copper Property.

New Energy Metals Headlines

From GuruFocus