China Creative Digital Entertainment (STU:EER7) Beta : -0.14 (As of Jun. 23, 2024)

China Creative Digital Entertainment Beta Chart

China Creative Digital Entertainment Annual Data
	Trend	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21
Beta		Get a 7-Day Free Trial					-0.12	0.29	2.41	1.99	2.23

China Creative Digital Entertainment Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Beta	Get a 7-Day Free Trial															2.29	2.23	2.21	1.74	1.12

Competitive Comparison of China Creative Digital Entertainment's Beta

For the Entertainment subindustry, China Creative Digital Entertainment'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.

China Creative Digital Entertainment's Beta Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Creative Digital Entertainment's Beta distribution charts can be found below:

* The bar in red indicates where China Creative Digital Entertainment's Beta falls into.

China Creative Digital Entertainment 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.

China Creative Digital Entertainment  (STU:EER7) 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)

China Creative Digital Entertainment Beta Related Terms

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China Creative Digital Entertainment (STU:EER7) Business Description