GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Excel Cell Electronic Co Ltd (TPE:2483) » Definitions » Beta

Excel Cell Electronic Co (TPE:2483) Beta : 0.30 (As of Dec. 13, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Excel Cell Electronic Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-13), Excel Cell Electronic Co's Beta is 0.30.


Excel Cell Electronic Co Beta Historical Data

The historical data trend for Excel Cell Electronic 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.

Excel Cell Electronic Co Beta Chart

Excel Cell Electronic 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 0.95 0.68 0.74 0.49 0.41

Excel Cell Electronic 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 0.38 0.41 0.39 0.25 0.28

Competitive Comparison of Excel Cell Electronic Co's Beta

For the Electrical Equipment & Parts subindustry, Excel Cell Electronic 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.


Excel Cell Electronic Co's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Excel Cell Electronic Co's Beta distribution charts can be found below:

* The bar in red indicates where Excel Cell Electronic Co's Beta falls into.



Excel Cell Electronic 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.


Excel Cell Electronic Co  (TPE:2483) 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)


Excel Cell Electronic Co Beta Related Terms

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


Excel Cell Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No. 20, Gongyequ 25th road, Nantun District, Taichung, TWN, 408216
Excel Cell Electronic Co Ltd is engaged in the manufacture and sale of electronic components such as programmable switches, relays, terminal blocks, and lead frames, as well as the processing and sale of various batteries which is also their sales items. Its products are main components for computer and communication equipment. The segment includes Semiconductors, Electronic components, electromechanical Relay, steering Motor, and Other. Geographical presence of the company is in Taiwan, Asia, Europe, United States of America and Others.

Excel Cell Electronic Co Headlines

No Headlines