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JMACS Japan Co (TSE:5817) Beta : 0.87 (As of Dec. 15, 2024)


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What is JMACS Japan Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), JMACS Japan Co's Beta is 0.87.


JMACS Japan Co Beta Historical Data

The historical data trend for JMACS Japan 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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JMACS Japan Co Beta Chart

JMACS Japan Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 1.39 1.28 1.06 0.81

JMACS Japan Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 0.78 0.81 0.84 0.82

Competitive Comparison of JMACS Japan Co's Beta

For the Communication Equipment subindustry, JMACS Japan 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.


JMACS Japan Co's Beta Distribution in the Hardware Industry

For the Hardware industry and Technology sector, JMACS Japan Co's Beta distribution charts can be found below:

* The bar in red indicates where JMACS Japan Co's Beta falls into.



JMACS Japan 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.


JMACS Japan Co  (TSE:5817) 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)


JMACS Japan Co Beta Related Terms

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JMACS Japan Co Business Description

Traded in Other Exchanges
N/A
Address
Fukushima 7 - chome, 11th floor of KM Nishi Umeda Building, Fukushima-ku, Osaka, JPN, 553-0003
JMACS Japan Co is engaged in the manufacture and sales of industrial products, entrusted development of automation and labor saving systems, instrumentation cable, control cable, communication cable, optical fiber cable, and production and sale of processed harness products.

JMACS Japan Co Headlines

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