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Century Sunshine Group Holdings (HKSE:00509) Beta : 1.34 (As of May. 12, 2024)


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What is Century Sunshine Group Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-12), Century Sunshine Group Holdings's Beta is 1.34.


Century Sunshine Group Holdings Beta Historical Data

The historical data trend for Century Sunshine Group 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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Century Sunshine Group Holdings Beta Chart

Century Sunshine Group Holdings 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 0.61 0.70 0.66 1.08 1.35

Century Sunshine Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.66 0.92 1.08 1.47 1.35

Competitive Comparison of Century Sunshine Group Holdings's Beta

For the Agricultural Inputs subindustry, Century Sunshine Group 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.


Century Sunshine Group Holdings's Beta Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Century Sunshine Group Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Century Sunshine Group Holdings's Beta falls into.



Century Sunshine Group 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.


Century Sunshine Group Holdings  (HKSE:00509) 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)


Century Sunshine Group Holdings Beta Related Terms

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Century Sunshine Group Holdings (HKSE:00509) Business Description

Traded in Other Exchanges
N/A
Address
16th Floor, Tower 5, The Gateway, Tsim Sha Tsui, Kowloon, Harbour City, HKG
Century Sunshine Group Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the magnesium products business, fertilizer business, and metallurgical flux business. The magnesium Product segment is engaged in the manufacture and sales of magnesium alloys. Metallurgical Flux segment is engaged in the sales of metallurgical flux, such as serpentine and the Fertilizer segment is engaged in the production and sales of fertilizers, including organic fertilizers and compound fertilizers. The revenue is mainly derived from China.

Century Sunshine Group Holdings (HKSE:00509) Headlines

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