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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-29), Shandong Nanshan Aluminum Co's Beta is 0.9900.
Shandong Nanshan Aluminum Co (SHSE:600219) 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 Aluminum subindustry, Shandong Nanshan Aluminum 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.
Shandong Nanshan Aluminum Co Beta vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Shandong Nanshan Aluminum Co's Beta distribution charts can be found below:
* The bar in red indicates where Shandong Nanshan Aluminum 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.
Shandong Nanshan Aluminum Co (SHSE:600219) has a Beta of 0.9900 as of Jul. 29, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Shandong Nanshan Aluminum Co and its competitors.
Is Shandong Nanshan Aluminum Co's Beta too high?
Shandong Nanshan Aluminum Co's current Beta is 0.9900. Overall, Shandong Nanshan Aluminum Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shandong Nanshan Aluminum Co's Beta compare to AA and CENX?
Shandong Nanshan Aluminum Co's Beta of 0.9900 can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Beta depends on the Metals & Mining 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 Shandong Nanshan Aluminum Co and its competitors. Shandong Nanshan Aluminum Co's current Beta is 0.9900. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Nanshan Aluminum Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Nanshan Aluminum Co (SHSE:600219) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.27, compared to a current price of ¥4.59 — trading 7.5% above its estimated fair value. The current Beta is 0.9900. Shandong Nanshan Aluminum Co's overall GF Score™ is 88/100 with 1 warning sign 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 Shandong Nanshan Aluminum Co (SHSE:600219), the current Beta is 0.9900 as of Jul. 29, 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 Shandong Nanshan Aluminum Co (SHSE:600219) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Nanshan Aluminum Co stock appears to be overvalued.
The current stock price of ¥4.59 is trading 7.5% above its estimated GF Value™ of ¥4.27.
GuruFocus considers Shandong Nanshan Aluminum Co to be Fairly Valued.
Key valuation signals for SHSE:600219:
Beta: 0.9900
GF Value™: ¥4.27 vs. price of ¥4.59 (7.5% above fair value)
No single metric tells the full story. See the SHSE:600219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Nanshan Aluminum Co Ltd is engaged in the production and distribution of aluminum products. It offers aluminum profiles, high-precision aluminum plates, strips, foils, and other products. The products of the company are sold in China and overseas markets, including North America, Europe, Africa, Australia, and Southeast Asia.
88GF Score
Get the complete analysis for SHSE:600219
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