Shenzhen Investment Holdings Bay Area Development Co (HKSE:80737) Beta : 0.56 (As of May. 03, 2024)

Shenzhen Investment Holdings Bay Area Development Co Beta Chart

Shenzhen Investment Holdings Bay Area Development Co Annual Data
	Trend	Jun14	Jun15	Jun16	Jun17	Jun18	Dec19	Dec20	Dec21	Dec22	Dec23
Beta		Get a 7-Day Free Trial					0.08	0.39	0.66	0.64	0.53

Shenzhen Investment Holdings Bay Area Development Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Beta	Get a 7-Day Free Trial															0.64	0.58	0.57	0.53	0.56

Competitive Comparison of Shenzhen Investment Holdings Bay Area Development Co's Beta

For the Infrastructure Operations subindustry, Shenzhen Investment Holdings Bay Area Development 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.

Shenzhen Investment Holdings Bay Area Development Co's Beta Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Investment Holdings Bay Area Development Co's Beta distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment Holdings Bay Area Development Co's Beta falls into.

Shenzhen Investment Holdings Bay Area Development 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.

Shenzhen Investment Holdings Bay Area Development Co  (HKSE:80737) 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)

Shenzhen Investment Holdings Bay Area Development Co Beta Related Terms

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Shenzhen Investment Holdings Bay Area Development Co (HKSE:80737) Business Description