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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-05), Micropac Industries's Beta is 0.46.
The historical data trend for Micropac Industries'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.
Micropac Industries Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Beta | Get a 7-Day Free Trial | 0.07 | 0.32 | 0.38 | 0.49 | 0.46 |
Micropac Industries Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Beta | Get a 7-Day Free Trial | 0.64 | 0.39 | 0.37 | 0.46 | 0.53 |
For the Electronic Components subindustry, Micropac Industries'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.
For the Hardware industry and Technology sector, Micropac Industries's Beta distribution charts can be found below:
* The bar in red indicates where Micropac Industries's Beta falls into.
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.
Micropac Industries (OTCPK:MPAD) 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)
Thank you for viewing the detailed overview of Micropac Industries's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark W King | director, officer: Chief Executive Officer | 2905 WYNDHAM LANE, RICHARDSON TX 75082 |
Richard K Hoesterey | director | 7852 LA COSA DRIVE, DALLAS TX 75248 |
Eugene A. Robinson | director | 1200 LAKE POINT CIRCLE, MCKINNEY TX 75070 |
Heinz-werner Hempel | director, 10 percent owner | AM WALL 127 D-281951, BREMEN 2M 00000 |
Micropac Industries, Inc. | 10 percent owner | AM WALL 127 D-281951 1, BREMEN 2M 00000 |
Patrick Cefalu | officer: CFO | 8706 ARBORSIDE, ROWLETT TX 75089 |
Wood Connie J. | director | 877 FM 2948, COMO TX 75431 |
H. Kent Hearn | director | 1409 BRIAR HOLLOW, GARLAND TX 75043 |
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