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Ganga Forging (NSE:GANGAFORGE) Beta : 0.62 (As of Dec. 11, 2024)


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What is Ganga Forging Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-11), Ganga Forging's Beta is 0.62.


Ganga Forging Beta Historical Data

The historical data trend for Ganga Forging'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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Ganga Forging Beta Chart

Ganga Forging Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.43 1.71 0.98

Ganga Forging Quarterly Data
Sep19 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 2.22 1.57 0.98 0.68 0.18

Competitive Comparison of Ganga Forging's Beta

For the Metal Fabrication subindustry, Ganga Forging'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.


Ganga Forging's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ganga Forging's Beta distribution charts can be found below:

* The bar in red indicates where Ganga Forging's Beta falls into.



Ganga Forging 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.


Ganga Forging  (NSE:GANGAFORGE) 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)


Ganga Forging Beta Related Terms

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Ganga Forging Business Description

Traded in Other Exchanges
N/A
Address
Rajkot-Gondal National Highway, Sr. No. 55/1 P6/P1/P1, Near Shree Stamping, Pipaliya, Taluka Gondal, Rajkot, GJ, IND, 360311
Ganga Forging Ltd is a manufacturer in the forging industry and is engaged in the manufacturing of closed-die forged products catering to Construction, Railways, Mechanical industries, Oil refineries, and Mining industries. The company has only one reportable business which is the manufacturing of forging items. Its product offerings comprise forged crankshaft, straight connecting rod, inclined connecting rod, forged flanges, forged yoke, forged clamps, and others.

Ganga Forging Headlines

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