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Chubu Steel Plate Co (TSE:5461) Beta : N/A (As of Dec. 15, 2024)


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What is Chubu Steel Plate Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Chubu Steel Plate Co's Beta is Not available.


Chubu Steel Plate Co Beta Historical Data

The historical data trend for Chubu Steel Plate 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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Chubu Steel Plate Co Beta Chart

Chubu Steel Plate Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beta
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Chubu Steel Plate Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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Competitive Comparison of Chubu Steel Plate Co's Beta

For the Steel subindustry, Chubu Steel Plate 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.


Chubu Steel Plate Co's Beta Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chubu Steel Plate Co's Beta distribution charts can be found below:

* The bar in red indicates where Chubu Steel Plate Co's Beta falls into.



Chubu Steel Plate 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.


Chubu Steel Plate Co  (TSE:5461) 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)


Chubu Steel Plate Co Beta Related Terms

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Chubu Steel Plate Co Business Description

Traded in Other Exchanges
Address
5-1 -chome, Nakagawa-ku, Nagoya, JPN, 454-8506
Chubu Steel Plate Co Ltd engages in the manufacture and sale of thick steel sheets and pieces, and cutting of steel plates in Japan. The firm offers steel plates, laser cutting steel plates, hydrochloric and sulfuric acid-resistant alloy steel plates, and abrasion-resistant alloy steel plates, as well as steel sheets for building structures. It also provides general, welded, and building structural rolled steel sheets; weather-resistant hot rolled steel sheets for welded construction; carbon steel sheets for boilers and machine structures; and chromium-molybdenum steel plates. The company's products are used in various applications, including construction and industrial machinery, mechanical parts, molds, containers, industrial vehicles, civil engineering, bridges, ships, architecture.

Chubu Steel Plate Co Headlines

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