Fong Chien Construction Co (ROCO:5523) Beta : 0.19 (As of Jun. 20, 2024)

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What is Fong Chien Construction Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-20), Fong Chien Construction Co's Beta is 0.19.

Fong Chien Construction Co Beta Historical Data

The historical data trend for Fong Chien Construction Co'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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Fong Chien Construction Co Beta Chart

Fong Chien Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beta

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0.09

0.83

1.13

0.82

0.57

Fong Chien Construction Co 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															0.68	0.66	0.65	0.57	0.52

Competitive Comparison of Fong Chien Construction Co's Beta

For the Real Estate Services subindustry, Fong Chien Construction 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.

Fong Chien Construction Co's Beta Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fong Chien Construction Co's Beta distribution charts can be found below:

* The bar in red indicates where Fong Chien Construction Co's Beta falls into.

Fong Chien Construction Co 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.

Fong Chien Construction Co (ROCO:5523) 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)

Fong Chien Construction Co Beta Related Terms

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Fong Chien Construction Co (ROCO:5523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fong Chien Construction Co Ltd (ROCO:5523) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taiwan Boulevard, 25th Floor-2, No.501, Sec. 2, West District, Taichung, TWN, 403

Website

https://www.fong-chien.com.tw

Fong Chien Construction Co Ltd y is primarily engaged in mandating construction enterprises to build public housing, leases and sales of commercial buildings, trading, import and export of building materials. The operating segments are Construction division and Hotel and restaurant division, majority of its revenue generated from Construction division.

Fong Chien Construction Co (ROCO:5523) Headlines

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