GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Spaceon Electronics Co Ltd (SZSE:002935) » Definitions » Beta

Chengdu Spaceon Electronics Co (SZSE:002935) Beta : 1.46 (As of Dec. 15, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Chengdu Spaceon Electronics Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Chengdu Spaceon Electronics Co's Beta is 1.46.


Chengdu Spaceon Electronics Co Beta Historical Data

The historical data trend for Chengdu Spaceon Electronics 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.

Chengdu Spaceon Electronics Co Beta Chart

Chengdu Spaceon Electronics 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 - - 0.92 1.48 1.46

Chengdu Spaceon Electronics 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 1.47 1.46 1.51 1.60 1.52

Competitive Comparison of Chengdu Spaceon Electronics Co's Beta

For the Communication Equipment subindustry, Chengdu Spaceon Electronics 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.


Chengdu Spaceon Electronics Co's Beta Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Spaceon Electronics Co's Beta distribution charts can be found below:

* The bar in red indicates where Chengdu Spaceon Electronics Co's Beta falls into.



Chengdu Spaceon Electronics 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.


Chengdu Spaceon Electronics Co  (SZSE:002935) 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)


Chengdu Spaceon Electronics Co Beta Related Terms

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


Chengdu Spaceon Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
Jinniu Jinke Road 50, Ambassador ABP Building 2, Chengdu, CHN, 610015
Chengdu Spaceon Electronics Co Ltd is a China-based time-frequency enterprise. The company is primarily engaged in the research and development, production, sales and service of time-frequency and Beidou satellite application products. It provides time-frequency solutions through its time-frequency product line and time-frequency system. Products offered by the company include atomic clocks, crystal devices, time-frequency boards and modules, frequency components and equipment, time synchronization equipment and systems. The company products are used in aerospace, satellite navigation, military and civilian communications and defense equipment.
Executives
Ye Jing Supervisors
Liu Lei Ji Executives
Chen Jing Directors, executives
Yin Xiang Yan Executives
Chen Bin Executives
Zou Yong Quan Executives
Huang Hao Supervisors
Zheng Xing Shi Directors, executives
Li He Chuan Executives

Chengdu Spaceon Electronics Co Headlines

No Headlines