Mining Global (Mining Global) Beta : -205.18 (As of May. 11, 2024)

Mining Global Beta Chart

Mining Global Annual Data
	Trend	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22
Beta		Get a 7-Day Free Trial					18.25	16.80	18.18	15.35	-157.27

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Beta	Get a 7-Day Free Trial								16.80	18.18	15.35	-157.27	-203.57

Competitive Comparison of Mining Global's Beta

For the Gold subindustry, Mining Global'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.

Mining Global's Beta Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mining Global's Beta falls into.

Mining Global 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.

Mining Global  (OTCPK:MNGG) 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)

Mining Global Beta Related Terms

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Mining Global (Mining Global) Business Description