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Desert Mountain Energy (TSXV:DME) Beta : 1.88 (As of Dec. 15, 2024)


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What is Desert Mountain Energy Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Desert Mountain Energy's Beta is 1.88.


Desert Mountain Energy Beta Historical Data

The historical data trend for Desert Mountain Energy'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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Desert Mountain Energy Beta Chart

Desert Mountain Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.98 1.75 1.67 2.57 1.96

Desert Mountain Energy Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.47 1.96 2.49 2.18 2.24

Competitive Comparison of Desert Mountain Energy's Beta

For the Oil & Gas E&P subindustry, Desert Mountain Energy'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.


Desert Mountain Energy's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Desert Mountain Energy's Beta distribution charts can be found below:

* The bar in red indicates where Desert Mountain Energy's Beta falls into.



Desert Mountain Energy 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.


Desert Mountain Energy  (TSXV:DME) 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)


Desert Mountain Energy Beta Related Terms

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Desert Mountain Energy Business Description

Traded in Other Exchanges
Address
14155 West Mountain View Blvd. No. 1023, Surprise, AZ, USA, V6C 2T7
Desert Mountain Energy Corp is a forward-looking resource company actively engaged in the exploration and development of Helium and Rare Earth Gas properties in the U.S. Southwest. The company's projects include Holbrook Helium Project and the Noble gas project.
Executives
Valorie Farley Senior Officer
Weldon Stout Director
Michael James Oshea Director
Don Mosher Director
Scott Davis Senior Officer
Soren Christiansen Director
Edward A. Schiller Director
Irwin Alois Olian Director, Senior Officer

Desert Mountain Energy Headlines

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