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Clear Gold Resources (TSXV:CFA.H) Beta : -0.41 (As of Dec. 14, 2024)


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What is Clear Gold Resources Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Clear Gold Resources's Beta is -0.41.


Clear Gold Resources Beta Historical Data

The historical data trend for Clear Gold Resources'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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Clear Gold Resources Beta Chart

Clear Gold Resources Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.55

Clear Gold Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.55 0.58 0.21 0.11

Competitive Comparison of Clear Gold Resources's Beta

For the Shell Companies subindustry, Clear Gold Resources'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.


Clear Gold Resources's Beta Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Clear Gold Resources's Beta distribution charts can be found below:

* The bar in red indicates where Clear Gold Resources's Beta falls into.



Clear Gold Resources 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.


Clear Gold Resources  (TSXV:CFA.H) 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)


Clear Gold Resources Beta Related Terms

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Clear Gold Resources Business Description

Traded in Other Exchanges
N/A
Address
1066 Heywood Street, North Vancouver, Vancouver, BC, CAN, V7L 1H3
Website
Clear Gold Resources Inc has discontinued its operations in the exploration and evaluation of resource properties in Canada and ceased trading in September 2015.

Clear Gold Resources Headlines

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