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Zhongyin Babi Food Co (SHSE:605338) Beta : 0.91 (As of Dec. 12, 2024)


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What is Zhongyin Babi Food Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-12), Zhongyin Babi Food Co's Beta is 0.91.


Zhongyin Babi Food Co Beta Historical Data

The historical data trend for Zhongyin Babi Food 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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Zhongyin Babi Food Co Beta Chart

Zhongyin Babi Food Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial - - - - 0.73

Zhongyin Babi Food 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 0.57 0.73 0.92 1.00 0.92

Competitive Comparison of Zhongyin Babi Food Co's Beta

For the Packaged Foods subindustry, Zhongyin Babi Food 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.


Zhongyin Babi Food Co's Beta Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhongyin Babi Food Co's Beta distribution charts can be found below:

* The bar in red indicates where Zhongyin Babi Food Co's Beta falls into.



Zhongyin Babi Food 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.


Zhongyin Babi Food Co  (SHSE:605338) 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)


Zhongyin Babi Food Co Beta Related Terms

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Zhongyin Babi Food Co Business Description

Traded in Other Exchanges
N/A
Address
785 Rongjiang Road, Chedun Town, Songjiang District, Shanghai, CHN, 201611
Zhongyin Babi Food Co Ltd is engaged in research and development, production and sales of Chinese-style pastry quick-frozen food. The company's products are divided into pastry series products, filling series products and external procurement series products, including buns, steamed buns, whole grain snacks, fillings and porridge drinks, among others.
Executives
Sun Ai Guo Directors, senior managers
Jin Wang Ming Supervisors

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