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Tsudakoma (TSE:6217) Beta : 0.56 (As of Dec. 15, 2024)


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What is Tsudakoma Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Tsudakoma's Beta is 0.56.


Tsudakoma Beta Historical Data

The historical data trend for Tsudakoma'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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Tsudakoma Beta Chart

Tsudakoma Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.14 1.05 0.75 0.37

Tsudakoma Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 0.23 0.38 0.37 0.48 0.59

Competitive Comparison of Tsudakoma's Beta

For the Specialty Industrial Machinery subindustry, Tsudakoma'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.


Tsudakoma's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsudakoma's Beta distribution charts can be found below:

* The bar in red indicates where Tsudakoma's Beta falls into.



Tsudakoma 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.


Tsudakoma  (TSE:6217) 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)


Tsudakoma Beta Related Terms

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Tsudakoma Business Description

Traded in Other Exchanges
N/A
Address
18-18 Nomachi 5-chome, Kanazawa, JPN, 921-8650
Tsudakoma Corp engages in the manufacture and sale of textile machinery and machine tool equipment. Its textile machinery comprises air jet looms, water jet looms, and preparatory machines; and parts include conversion kits for air jet looms and water jet looms. The company's machine tool attachments include NC rotary tables, machine vises, and manual tables. It also offers composite machinery, including prepreg slitters, auto-layup machines, carbon fiber rapier looms, and drape forming systems; and cast-iron parts for textile machinery, industrial machinery, and machine tool attachments.

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