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Shandong Molong Petroleum Machinery Co (STU:PXI) Beta : 0.79 (As of Dec. 15, 2024)


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What is Shandong Molong Petroleum Machinery Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Shandong Molong Petroleum Machinery Co's Beta is 0.79.


Shandong Molong Petroleum Machinery Co Beta Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Beta Chart

Shandong Molong Petroleum Machinery 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 0.85 0.80 1.31 1.36 2.08

Shandong Molong Petroleum Machinery 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 1.53 2.08 1.17 0.64 0.88

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Beta

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.


Shandong Molong Petroleum Machinery Co's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Beta distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Beta falls into.



Shandong Molong Petroleum Machinery 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.


Shandong Molong Petroleum Machinery Co  (STU:PXI) 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)


Shandong Molong Petroleum Machinery Co Beta Related Terms

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Shandong Molong Petroleum Machinery Co Business Description

Traded in Other Exchanges
Address
No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700
Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

Shandong Molong Petroleum Machinery Co Headlines