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Veji Holdings (XCNQ:VEJI.X) Beta : 4.09 (As of Dec. 14, 2024)


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What is Veji Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Veji Holdings's Beta is 4.09.


Veji Holdings Beta Historical Data

The historical data trend for Veji Holdings'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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Veji Holdings Beta Chart

Veji Holdings Annual Data
Trend Dec20 Dec21
Beta
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Veji Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Jun24 Sep24
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Competitive Comparison of Veji Holdings's Beta

For the Packaged Foods subindustry, Veji Holdings'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.


Veji Holdings's Beta Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Veji Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Veji Holdings's Beta falls into.



Veji Holdings 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.


Veji Holdings  (XCNQ:VEJI.X) 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)


Veji Holdings Beta Related Terms

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Veji Holdings Business Description

Traded in Other Exchanges
Address
905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6
Veji Holdings Ltd is engaged in providing a digital marketplace that offers plant-based and sustainable living products. The company's product categories include Grocery, Protein and Sports Nutrition, Vitamins and supplements, Personal Care, Baby & Kids, and Vegan Wine. The platform offers an easy-to-use, omnichannel experience for both vendors and buyers, leveraging data and artificial intelligence to elegantly connect brands with a targeted consumer base.

Veji Holdings Headlines

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