GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Talmora Diamond Inc (XCNQ:TAI) » Definitions » Beta

Talmora Diamond (XCNQ:TAI) Beta : 1.36 (As of Dec. 14, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Talmora Diamond Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Talmora Diamond's Beta is 1.36.


Talmora Diamond Beta Historical Data

The historical data trend for Talmora Diamond'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.

* Premium members only.

Talmora Diamond Beta Chart

Talmora Diamond 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 -1.05 0.29 1.18 0.82 1.65

Talmora Diamond 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 1.67 1.65 1.65 1.87 1.64

Competitive Comparison of Talmora Diamond's Beta

For the Other Precious Metals & Mining subindustry, Talmora Diamond'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.


Talmora Diamond's Beta Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Talmora Diamond's Beta falls into.



Talmora Diamond 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.


Talmora Diamond  (XCNQ:TAI) 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)


Talmora Diamond Beta Related Terms

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


Talmora Diamond Business Description

Traded in Other Exchanges
N/A
Address
6 Willowood Court, Toronto, ON, CAN, M2J 2M3
Talmora Diamond Inc is engaged in the business of exploring and evaluating mineral exploration properties. The company holds mineral claims in the Horton River area located south of the Hamlet of Paulatuk in the Northwest Territories of Canada. The project area is located within the Lena West Diamond Exploration region. It currently operates in one business segment, the exploration and evaluation of resource properties.

Talmora Diamond Headlines

No Headlines