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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-05), Wuxi New Hongtai Electrical Technology Co's Beta is 1.2091.
Wuxi New Hongtai Electrical Technology Co (SHSE:603016) 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)
Wuxi New Hongtai Electrical Technology Co Beta Related Terms
Wuxi New Hongtai Electrical Technology Co Beta Historical Data
* 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.
Wuxi New Hongtai Electrical Technology Co Beta Chart
Wuxi New Hongtai Electrical Technology Co Annual Data
For the Electronic Components subindustry, Wuxi New Hongtai Electrical Technology 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.
Wuxi New Hongtai Electrical Technology Co Beta vs Hardware Industry
Wuxi New Hongtai Electrical Technology 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.
Wuxi New Hongtai Electrical Technology Co (SHSE:603016) has a Beta of 1.2091 as of Aug. 05, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Wuxi New Hongtai Electrical Technology Co and its competitors.
Is Wuxi New Hongtai Electrical Technology Co's Beta too high?
Wuxi New Hongtai Electrical Technology Co's current Beta is 1.2091. Overall, Wuxi New Hongtai Electrical Technology Co has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Wuxi New Hongtai Electrical Technology Co's Beta compare to APH and GLW?
Wuxi New Hongtai Electrical Technology Co's Beta of 1.2091 can be compared against companies in the Hardware 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 Hardware company?
A good Beta depends on the Hardware 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 Wuxi New Hongtai Electrical Technology Co and its competitors. Wuxi New Hongtai Electrical Technology Co's current Beta is 1.2091. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxi New Hongtai Electrical Technology Co stock overvalued right now?
Wuxi New Hongtai Electrical Technology Co (SHSE:603016) has a current Beta of 1.2091. The current Beta is 1.2091. Wuxi New Hongtai Electrical Technology Co's overall GF Score™ is 54/100 with 6 warning signs 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 Wuxi New Hongtai Electrical Technology Co (SHSE:603016), the current Beta is 1.2091 as of Aug. 05, 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.
Wuxi New Hongtai Electrical Technology Co Ltd is engaged in the development, production, and sale of electronic components including circuit breakers, low-voltage circuit breakers and fuse switch knife. Its main products include low voltage circuit breakers and circuit breakers, BMC/SMC molded insulating materials and products, micro motors and electric operating mechanisms, knife fuse switches.
54GF Score
Get the complete analysis for SHSE:603016
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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