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Teteks AD (XMAE:TETE) Beta : N/A (As of Mar. 27, 2025)


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What is Teteks AD Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-27), Teteks AD's Beta is Not available.


Teteks AD Beta Historical Data

The historical data trend for Teteks AD'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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Teteks AD Beta Chart

Teteks AD Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beta
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Teteks AD Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Teteks AD's Beta

For the Apparel Manufacturing subindustry, Teteks AD'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.


Teteks AD's Beta Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Teteks AD's Beta distribution charts can be found below:

* The bar in red indicates where Teteks AD's Beta falls into.


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Teteks AD 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.


Teteks AD  (XMAE:TETE) 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)


Teteks AD Beta Related Terms

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Teteks AD Business Description

Traded in Other Exchanges
N/A
Address
B. Miladinovi No.1, Tetovo, MKD
Teteks AD is a producer of textiles and clothing. Its business activities include activating fabrics for the production of fabrics and blankets, as well as production of ready-made garments in apparel and knitwear. Its product offerings include confection, knitwear, fabrics, blankets, yarn and wolves. TETEKS production is intended mainly for export to the United States and European countries such as Germany, Greece, Italy, Denmark, Russia, Bulgaria, among others.

Teteks AD Headlines

No Headlines