GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Dawn Polymer Co Ltd (SZSE:002838) » Definitions » Beta

Shandong Dawn Polymer Co (SZSE:002838) Beta : 1.73 (As of Dec. 15, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Shandong Dawn Polymer 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 Dawn Polymer Co's Beta is 1.73.


Shandong Dawn Polymer Co Beta Historical Data

The historical data trend for Shandong Dawn Polymer 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.

* Premium members only.

Shandong Dawn Polymer Co Beta Chart

Shandong Dawn Polymer 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 0.81 -0.32 -0.86 0.18 1.56

Shandong Dawn Polymer 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 1.40 1.56 1.60 1.70 1.81

Competitive Comparison of Shandong Dawn Polymer Co's Beta

For the Specialty Chemicals subindustry, Shandong Dawn Polymer 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 Dawn Polymer Co's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Dawn Polymer Co's Beta distribution charts can be found below:

* The bar in red indicates where Shandong Dawn Polymer Co's Beta falls into.



Shandong Dawn Polymer 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 Dawn Polymer Co  (SZSE:002838) 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 Dawn Polymer Co Beta Related Terms

Thank you for viewing the detailed overview of Shandong Dawn Polymer Co's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Shandong Dawn Polymer Co Business Description

Traded in Other Exchanges
N/A
Address
Zhenxing Road Dawn Economic & Industry Park, Zhenxing, CHN
Shandong Dawn Polymer Co Ltd is engaged in manufacturing of thermoplastic vulcanizates (TPV). The product range includes automobile materials, flame retardant plastic, flame retardant reinforced plastic, glass fiber reinforced plastic, plastic alloy, high-melt woven plastics, filler master batches, color master batch, special engineering plastics and others. The product is well sold in Chinese and other international marker such as Europe, East South of Asia, South Africa, becoming one of the largest scales of engineering plastic production base in China.
Executives
Tan Jian Ming Executives
Tian Hong Chi Directors, executives
Hao Wen Peng Director
Song Hui Dong Director
Wu Di Executives
Zhao Xiang Wei Executives
Suo Yan Hui Director
Zang Yun Tao Executives
Wang You Qing Directors, executives
Han Li Mei Director
Su Chang Supervisors

Shandong Dawn Polymer Co Headlines

No Headlines