Twenty Mile Metals (TSXV:MILE) Beta: N/A (As of Jun. 29, 2026)


TSXV:MILE Twenty Mile Metals Inc TSXV:MILE
11 GF Score
Price C$0.11
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What is Twenty Mile Metals Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-29), Twenty Mile Metals's Beta is Not available.

Twenty Mile Metals  (TSXV:MILE) 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)

Twenty Mile Metals Beta Related Terms

Twenty Mile Metals Beta Historical Data

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The historical data trend for Twenty Mile Metals'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.

Twenty Mile Metals Beta Chart

Twenty Mile Metals Annual Data
Trend Mar26
Beta
0.00

Twenty Mile Metals Quarterly Data
Mar26
Beta 0.00
TSXV:MILE
11GF Score
Twenty Mile Metals Inc TSXV:MILE
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Twenty Mile Metals 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.

Twenty Mile Metals Business Description

Address 1050 Pender St W, No. 1710, Vancouver, BC, CAN, V6E 3S7
Twenty Mile Metals Inc is focused on the exploration and development of the Twenty Mile Project located in British Columbia, Canada.
11GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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