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Weleader Biomedical Co (ROCO:7713) Beta : N/A (As of Dec. 15, 2024)


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What is Weleader Biomedical Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Weleader Biomedical Co's Beta is Not available.


Weleader Biomedical Co Beta Historical Data

The historical data trend for Weleader Biomedical 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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Weleader Biomedical Co Beta Chart

Weleader Biomedical Co Annual Data
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Weleader Biomedical Co Semi-Annual Data
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Competitive Comparison of Weleader Biomedical Co's Beta

For the Medical Devices subindustry, Weleader Biomedical 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.


Weleader Biomedical Co's Beta Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Weleader Biomedical Co's Beta distribution charts can be found below:

* The bar in red indicates where Weleader Biomedical Co's Beta falls into.



Weleader Biomedical 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.


Weleader Biomedical Co  (ROCO:7713) 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)


Weleader Biomedical Co Beta Related Terms

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Weleader Biomedical Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 80, Minzu 1st Road, Floor 19, Sanmin District, Kaohsiung, TWN
Weleader Biomedical Co Ltd is mainly engages in the sales of medical testing reagents and medical devices; and the leasing of testing instruments.

Weleader Biomedical Co Headlines

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