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Wuhan Xianglong Power Industry Co (SHSE:600769) Beta : 1.71 (As of Dec. 14, 2024)


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What is Wuhan Xianglong Power Industry Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Wuhan Xianglong Power Industry Co's Beta is 1.71.


Wuhan Xianglong Power Industry Co Beta Historical Data

The historical data trend for Wuhan Xianglong Power Industry 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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Wuhan Xianglong Power Industry Co Beta Chart

Wuhan Xianglong Power Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 1.28 0.90 1.12 1.30

Wuhan Xianglong Power Industry Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.30 1.53 1.53 1.81

Competitive Comparison of Wuhan Xianglong Power Industry Co's Beta

For the Engineering & Construction subindustry, Wuhan Xianglong Power Industry 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.


Wuhan Xianglong Power Industry Co's Beta Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wuhan Xianglong Power Industry Co's Beta distribution charts can be found below:

* The bar in red indicates where Wuhan Xianglong Power Industry Co's Beta falls into.



Wuhan Xianglong Power Industry 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.


Wuhan Xianglong Power Industry Co  (SHSE:600769) 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)


Wuhan Xianglong Power Industry Co Beta Related Terms

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Wuhan Xianglong Power Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No. 31, Chemical Road, Gehua Street, Hongshan District, Hubei Province, Wuhan, CHN, 430078
Wuhan Xianglong Power Industry Co Ltd is a China-based company operating in the civil engineering construction industry. The company undertakes engineering construction; anti-corrosion insulation project; building waterproof engineering; building structure reinforcement and reinforcement project.

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