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Anhui Genuine New Materials Co (SHSE:603429) Beta : 0.79 (As of Dec. 15, 2024)


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What is Anhui Genuine New Materials Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Anhui Genuine New Materials Co's Beta is 0.79.


Anhui Genuine New Materials Co Beta Historical Data

The historical data trend for Anhui Genuine New Materials 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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Anhui Genuine New Materials Co Beta Chart

Anhui Genuine New Materials 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 2.46 1.67 1.23 0.76 0.58

Anhui Genuine New Materials 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 0.54 0.58 0.67 0.73 0.98

Competitive Comparison of Anhui Genuine New Materials Co's Beta

For the Packaging & Containers subindustry, Anhui Genuine New Materials 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.


Anhui Genuine New Materials Co's Beta Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Anhui Genuine New Materials Co's Beta distribution charts can be found below:

* The bar in red indicates where Anhui Genuine New Materials Co's Beta falls into.



Anhui Genuine New Materials 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.


Anhui Genuine New Materials Co  (SHSE:603429) 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)


Anhui Genuine New Materials Co Beta Related Terms

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Anhui Genuine New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400
Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.
Executives
Xu Shan Shui Directors, senior managers
Zhao Ji Hui Supervisors
Yang Jiang Tao senior management
Liu Li Zheng Directors, senior managers
Guo Shu Guang Director
Yang Li Wang senior management
Jiang Hua senior management
Wu Zheng Xing senior management
Sun Zhi Song Director
Zhou Shao Jun Director
Yang Er Guo Director
Yang Ji Hong senior management
Yan Shu Cheng Supervisors
Yang Li Xin Supervisors
Zhang Gong Ping Supervisors

Anhui Genuine New Materials Co Headlines

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