GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Digital China Holdings Ltd (TPE:910861) » Definitions » Beta

Digital China Holdings (TPE:910861) Beta : 0.14 (As of Dec. 15, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Digital China Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Digital China Holdings's Beta is 0.14.


Digital China Holdings Beta Historical Data

The historical data trend for Digital China Holdings'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.

Digital China Holdings Beta Chart

Digital China Holdings 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 1.31 1.43 0.68 0.11

Digital China Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.96 0.68 0.35 0.11 0.34

Competitive Comparison of Digital China Holdings's Beta

For the Conglomerates subindustry, Digital China Holdings'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.


Digital China Holdings's Beta Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Digital China Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Digital China Holdings's Beta falls into.



Digital China Holdings 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.


Digital China Holdings  (TPE:910861) 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)


Digital China Holdings Beta Related Terms

Thank you for viewing the detailed overview of Digital China Holdings's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Digital China Holdings Business Description

Traded in Other Exchanges
Address
77-79 Gloucester Road, 31st Floor, Fortis Tower, Wanchai, Hong Kong, HKG
Digital China Holdings Ltd is a holding company that through its subsidiaries provides information technology services. The company organizes itself into three primary segments based on the services provided. such as The Big Data Products and Solutions business segment, The Software and Operating Services business segment, and The Traditional and Localization Services business segment. The company generates the majority of its revenue from the Traditional and Localization Services segment.

Digital China Holdings Headlines

No Headlines