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Sanxiang Advanced Materials Co (SHSE:603663) Beta : 1.52 (As of Mar. 17, 2025)


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What is Sanxiang Advanced Materials Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-17), Sanxiang Advanced Materials Co's Beta is 1.52.


Sanxiang Advanced Materials Co Beta Historical Data

The historical data trend for Sanxiang Advanced 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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Sanxiang Advanced Materials Co Beta Chart

Sanxiang Advanced 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 0.34 1.01 1.19 2.40 2.26

Sanxiang Advanced 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 2.18 2.26 2.02 2.16 1.58

Competitive Comparison of Sanxiang Advanced Materials Co's Beta

For the Specialty Chemicals subindustry, Sanxiang Advanced 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.


Sanxiang Advanced Materials Co's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sanxiang Advanced Materials Co's Beta distribution charts can be found below:

* The bar in red indicates where Sanxiang Advanced Materials Co's Beta falls into.



Sanxiang Advanced 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.


Sanxiang Advanced Materials Co  (SHSE:603663) 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)


Sanxiang Advanced Materials Co Beta Related Terms

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Sanxiang Advanced Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 292, Jiefang Street, Shouning County, Fujian Province, Ningde, CHN, 355500
Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.
Executives
Huang Fei Supervisors
Yang Hui Directors, senior managers
Zheng Xiong senior management
Xiao Chuan Zhou senior management
Lin Shao Yun senior management
Li Hui Bin senior management
Ye Dan Wang Director
Fan Shun Qin senior management
Wu Chun Qiao Supervisors
Xia Peng Directors, senior managers

Sanxiang Advanced Materials Co Headlines

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