Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-06), United Alloy-Tech Co's Beta is 0.2753.
United Alloy-Tech Co (ROCO:3162) 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)
* 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.
For the Metal Fabrication subindustry, United Alloy-Tech Co'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.
United Alloy-Tech Co Beta vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, United Alloy-Tech Co's Beta distribution charts can be found below:
* The bar in red indicates where United Alloy-Tech Co's Beta falls into.
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.
United Alloy-Tech Co (ROCO:3162) has a Beta of 0.2753 as of Jul. 06, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for United Alloy-Tech Co and its competitors.
Is United Alloy-Tech Co's Beta too high?
United Alloy-Tech Co's current Beta is 0.2753. Overall, United Alloy-Tech Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Alloy-Tech Co's Beta compare to CRS and ATI?
United Alloy-Tech Co's Beta of 0.2753 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Beta depends on the Industrial Products 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 United Alloy-Tech Co and its competitors. United Alloy-Tech Co's current Beta is 0.2753. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Alloy-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, United Alloy-Tech Co (ROCO:3162) is currently considered Fairly Valued. The stock's GF Value™ is NT$89.31, compared to a current price of NT$85.10 — trading 4.7% below its estimated fair value. The current Beta is 0.2753. United Alloy-Tech Co's overall GF Score™ is 66/100 with 14 warning signs to review. 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 United Alloy-Tech Co (ROCO:3162), the current Beta is 0.2753 as of Jul. 06, 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.
Is United Alloy-Tech Co (ROCO:3162) Overvalued in 2026?
Based on GuruFocus' analysis, United Alloy-Tech Co stock appears to be undervalued.
The current stock price of NT$85.10 is trading 4.7% below its estimated GF Value™ of NT$89.31.
GuruFocus considers United Alloy-Tech Co to be Fairly Valued.
Key valuation signals for ROCO:3162:
Beta: 0.2753
GF Value™: NT$89.31 vs. price of NT$85.10 (4.7% below fair value)
No single metric tells the full story. See the ROCO:3162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Alloy-Tech Co Ltd mainly engages in the forging of aluminum alloys, die-casting, the production and processing of molds, and the production and sales business of auto parts. The company has two segments: the Aluminum alloy materials division and the Foam tapes division. Its product pipeline includes Aluminum Alloy 2-7 series, Front Fork End and Crown, Dropout, Riching Dropout, Mountain Bike Dropout, Yoke, Motor Mount, Hanger, and others. Geographically, the company generates the majority of its revenue from China and the rest of Asia, and also has its presence in Taiwan, Europe, and the U.S.
66GF Score
Get the complete analysis for ROCO:3162
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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