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Shanghai Yongli Belting Co (SZSE:300230) Beta : 1.01 (As of Dec. 15, 2024)


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What is Shanghai Yongli Belting Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Shanghai Yongli Belting Co's Beta is 1.01.


Shanghai Yongli Belting Co Beta Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co Beta Chart

Shanghai Yongli Belting 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 0.69 1.05 0.70 0.76

Shanghai Yongli Belting 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 0.65 0.76 0.80 0.80 1.02

Competitive Comparison of Shanghai Yongli Belting Co's Beta

For the Auto Parts subindustry, Shanghai Yongli Belting 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.


Shanghai Yongli Belting Co's Beta Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Yongli Belting Co's Beta distribution charts can be found below:

* The bar in red indicates where Shanghai Yongli Belting Co's Beta falls into.



Shanghai Yongli Belting 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.


Shanghai Yongli Belting Co  (SZSE:300230) 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)


Shanghai Yongli Belting Co Beta Related Terms

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Shanghai Yongli Belting Co Business Description

Traded in Other Exchanges
N/A
Address
West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN
Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.
Executives
Huang Xiao Dong Director
Yun Li Ming Directors, executives
Jiang Feng Executives
Shi Pei Hao Director
Wang Yi Yi Executives
Chen Zhi Liang Supervisors
Yang Zhen Ping Supervisors
Yu Cheng Lei Directors, executives
Zhang Wei Directors, executives

Shanghai Yongli Belting Co Headlines

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