Far East Bio Tec Co (ROCO:6886) Beta : N/A (As of Jun. 20, 2024)

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What is Far East Bio Tec Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-20), Far East Bio Tec Co's Beta is Not available.

Far East Bio Tec Co Beta Historical Data

The historical data trend for Far East Bio Tec 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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Far East Bio Tec Co Beta Chart

Far East Bio Tec Co Annual Data

Trend

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Beta

Far East Bio Tec Co Semi-Annual Data
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Competitive Comparison of Far East Bio Tec Co's Beta

For the Packaged Foods subindustry, Far East Bio Tec 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.

Far East Bio Tec Co's Beta Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Far East Bio Tec Co's Beta distribution charts can be found below:

* The bar in red indicates where Far East Bio Tec Co's Beta falls into.

Far East Bio Tec 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.

Far East Bio Tec Co (ROCO:6886) 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)

Far East Bio Tec Co Beta Related Terms

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Far East Bio Tec Co (ROCO:6886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Far East Bio Tec Co Ltd (ROCO:6886) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3. Yuan Chui Street, Room A, 13th Floor, Nan-Gang District, Taipei, TWN, 115

Website

https://www.febico.com.tw

Far East Bio Tec Co Ltd is a manufacturer of Organic Spirulina, Organic Chlorella, Spirulina natural, and Chlorella natural, nutritional supplements. The firm uses fermentation facilities to produce high-quality nattokinase and spore-forming probiotics. Its products comprise products Organic Spirulina, Organic Chlorella, Chlorella Growth Factor, Phycocyanin, Nattokinase, Lactobacillus sporogenes probiotics, Apogen Microalgae Protein, DHA Algae Oil.

Far East Bio Tec Co (ROCO:6886) Headlines

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