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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-09-19), Harson Trading (China) Co's Beta is 1.6660.
Harson Trading (China) Co (SHSE:603958) 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)
* 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.
For the Footwear & Accessories subindustry, Harson Trading (China) 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.
Harson Trading (China) Co Beta vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's Beta distribution charts can be found below:
* The bar in red indicates where Harson Trading (China) Co's Beta falls into.
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.
Harson Trading (China) Co (SHSE:603958) has a Beta of 1.6660 as of Sep. 19, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Harson Trading (China) Co and its competitors.
Is Harson Trading (China) Co's Beta too high?
Harson Trading (China) Co's current Beta is 1.6660. Overall, Harson Trading (China) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harson Trading (China) Co's Beta compare to NKE and DECK?
Harson Trading (China) Co's Beta of 1.6660 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Beta depends on the Manufacturing - Apparel & Accessories 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 Harson Trading (China) Co and its competitors. Harson Trading (China) Co's current Beta is 1.6660. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harson Trading (China) Co stock overvalued right now?
Based on GuruFocus' analysis, Harson Trading (China) Co (SHSE:603958) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.93, compared to a current price of ¥16.70 — trading 6.9% below its estimated fair value. The current Beta is 1.6660. Harson Trading (China) Co's overall GF Score™ is 64/100 with 4 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 Harson Trading (China) Co (SHSE:603958), the current Beta is 1.6660 as of Sep. 19, 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.
Is Harson Trading (China) Co (SHSE:603958) Overvalued in 2026?
Based on GuruFocus' analysis, Harson Trading (China) Co stock appears to be undervalued.
The current stock price of ¥16.70 is trading 6.9% below its estimated GF Value™ of ¥17.93.
GuruFocus considers Harson Trading (China) Co to be Fairly Valued.
Key valuation signals for SHSE:603958:
Beta: 1.6660
GF Value™: ¥17.93 vs. price of ¥16.70 (6.9% below fair value)
No single metric tells the full story. See the SHSE:603958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harson Trading (China) Co Ltd is a firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.
64GF Score
Get the complete analysis for SHSE:603958
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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