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Wallbridge Mining Co (TSX:WM) Beta : 1.08 (As of Dec. 14, 2024)


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What is Wallbridge Mining Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Wallbridge Mining Co's Beta is 1.08.


Wallbridge Mining Co Beta Historical Data

The historical data trend for Wallbridge Mining 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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Wallbridge Mining Co Beta Chart

Wallbridge Mining 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 1.17 1.59 1.65 1.60 1.45

Wallbridge Mining 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 1.08 1.45 1.61 1.40 1.26

Competitive Comparison of Wallbridge Mining Co's Beta

For the Other Industrial Metals & Mining subindustry, Wallbridge Mining 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.


Wallbridge Mining Co's Beta Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wallbridge Mining Co's Beta distribution charts can be found below:

* The bar in red indicates where Wallbridge Mining Co's Beta falls into.



Wallbridge Mining 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.


Wallbridge Mining Co  (TSX:WM) 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)


Wallbridge Mining Co Beta Related Terms

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


Wallbridge Mining Co Business Description

Traded in Other Exchanges
Address
129 Fielding Road, Lively, Greater Sudbury, ON, CAN, P3Y 1L7
Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel, and platinum group metals. The company owns Sudbury Projects, Quebec Projects, and Equity Investments. Wallbridge is engaged in creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.
Executives
Brian W. Penny Senior Officer
Mary Irene Montgomery Senior Officer
Attila Pentek Senior Officer
Sean Duncanson Stokes Senior Officer
Alar Soever Director, Senior Officer
Faramarz Kord-gharachorloo Senior Officer
William Warren Holmes Director
Francois Alain Demers Senior Officer
Shawn Day Director
Michael Pesner Director
Darryl Sittler Director
2176423 Ontario Ltd. 10% Security Holder
Eric Sprott 10% Security Holder
Darin Walter Wagner Director, Senior Officer
Parviz Farsangi Director