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NVTQF (Patterson Metals) Beta : 2.67 (As of Mar. 16, 2025)


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What is Patterson Metals Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-16), Patterson Metals's Beta is 2.67.


Patterson Metals Beta Historical Data

The historical data trend for Patterson 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.

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Patterson Metals Beta Chart

Patterson Metals Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.33 1.56 1.82 2.35 2.26

Patterson Metals Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 2.35 2.90 2.31 2.26 2.26

Competitive Comparison of Patterson Metals's Beta

For the Uranium subindustry, Patterson 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.


Patterson Metals's Beta Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Patterson Metals's Beta distribution charts can be found below:

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



Patterson 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.


Patterson Metals  (OTCPK:NVTQF) 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)


Patterson Metals Beta Related Terms

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Patterson Metals Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Patterson Metals Corp formerly Trench Metals Corp is engaged in the business of exploration and mining metals. The projects of the company include The Higginson Lake Uranium Project, The Spreckley Lake Uranium Project, and The Carter Lake Uranium Project.

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