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Fujian Tianma Science and Technology Group Co (SHSE:603668) Beta : 1.36 (As of Mar. 04, 2025)


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What is Fujian Tianma Science and Technology Group Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-04), Fujian Tianma Science and Technology Group Co's Beta is 1.36.


Fujian Tianma Science and Technology Group Co Beta Historical Data

The historical data trend for Fujian Tianma Science and Technology Group 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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Fujian Tianma Science and Technology Group Co Beta Chart

Fujian Tianma Science and Technology Group 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 0.93 0.69 0.76 1.47 1.80

Fujian Tianma Science and Technology Group 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 1.63 1.80 1.62 1.70 1.58

Competitive Comparison of Fujian Tianma Science and Technology Group Co's Beta

For the Farm Products subindustry, Fujian Tianma Science and Technology Group 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.


Fujian Tianma Science and Technology Group Co's Beta Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujian Tianma Science and Technology Group Co's Beta distribution charts can be found below:

* The bar in red indicates where Fujian Tianma Science and Technology Group Co's Beta falls into.



Fujian Tianma Science and Technology Group 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.


Fujian Tianma Science and Technology Group Co  (SHSE:603668) 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)


Fujian Tianma Science and Technology Group Co Beta Related Terms

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Fujian Tianma Science and Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308
Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.
Executives
He Xiu Ming Supervisors
Ceng Li Li Director
Zheng Kun Director
Luo Fu Zhen Supervisors
Lin Jia Xing Director
Shi Hui Hong senior management
Chen Qing Tang Director
Chen Jia Cheng Director
Dai Wen Zeng senior management
Wu Jing Hong Supervisors
Qiu Jin Mou Directors, senior managers
Yao Jian Zhong Supervisors
He Teng Fei senior management
Ye Song Qing senior management
Deng Xiao Hui senior management

Fujian Tianma Science and Technology Group Co Headlines

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