UFMG (Universal Manufacturing Co) Beta: 1.1687 (As of Aug. 08, 2026)

Universal Manufacturing Co  (OTCPK:UFMG) 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)

Universal Manufacturing Co Beta Related Terms

The historical data trend for Universal Manufacturing 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.

Universal Manufacturing Co Beta Chart

Universal Manufacturing Co Annual Data
	Trend	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01
Beta		Get a 7-Day Free Trial					0.38	0.24	-0.02	-0.43	0.07

Universal Manufacturing Co Quarterly Data
	Jul97	Oct97	Jan98	Apr98	Jul98	Oct98	Jan99	Apr99	Jul99	Oct99	Jan00	Apr00	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02
Beta	Get a 7-Day Free Trial															-0.07	0.07	0.07	0.24	0.40

UFMG vs CSHEF, AMTY, OMTK: Beta Comparison

For the Auto Parts subindustry, Universal Manufacturing 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.

Universal Manufacturing Co Beta vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Universal Manufacturing Co's Beta distribution charts can be found below:

* The bar in red indicates where Universal Manufacturing Co's Beta falls into.

Universal Manufacturing 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.

Universal Manufacturing Co Business Description