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NNE (Nano Nuclear Energy) Beta : N/A (As of Oct. 31, 2024)


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What is Nano Nuclear Energy Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-10-31), Nano Nuclear Energy's Beta is Not available.


Nano Nuclear Energy Beta Historical Data

The historical data trend for Nano Nuclear Energy'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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Nano Nuclear Energy Beta Chart

Nano Nuclear Energy Annual Data
Trend Sep22 Sep23
Beta
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Nano Nuclear Energy Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Beta Get a 7-Day Free Trial - - - - -

Competitive Comparison of Nano Nuclear Energy's Beta

For the Specialty Industrial Machinery subindustry, Nano Nuclear Energy'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.


Nano Nuclear Energy's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nano Nuclear Energy's Beta distribution charts can be found below:

* The bar in red indicates where Nano Nuclear Energy's Beta falls into.



Nano Nuclear Energy 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.


Nano Nuclear Energy  (NAS:NNE) 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)


Nano Nuclear Energy Beta Related Terms

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Nano Nuclear Energy Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
10 Times Square, 30th Floor, New York, NY, USA, 10018
Nano Nuclear Energy Inc is an early-stage nuclear energy company developing smaller, cheaper, and safer advanced portable clean energy solutions. It is focused on four business lines as part of development: Micro Nuclear Reactor Business is developing the next-generation nuclear microreactors, in particular ZEUS, a solid core battery reactor, and ODIN, a low-pressure salt coolant reactor. Fuel Fabrication Business, Fuel Transportation Business and Nuclear Consultation Services.