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JK Cement (NSE:JKCEMENT) Beta : 0.90 (As of May. 27, 2024)


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What is JK Cement Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-27), JK Cement's Beta is 0.90.


JK Cement Beta Historical Data

The historical data trend for JK Cement'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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JK Cement Beta Chart

JK Cement 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 1.08 1.11 1.03 1.02 0.93

JK Cement Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.02 0.93 0.91 1.05 0.93

Competitive Comparison of JK Cement's Beta

For the Building Materials subindustry, JK Cement'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.


JK Cement's Beta Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Beta distribution charts can be found below:

* The bar in red indicates where JK Cement's Beta falls into.



JK Cement 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.


JK Cement  (NSE:JKCEMENT) 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)


JK Cement Beta Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Traded in Other Exchanges
Address
Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102
JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

JK Cement (NSE:JKCEMENT) Headlines

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