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Wave Power Technology (ROCO:6895) Beta : N/A (As of Jun. 09, 2024)


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What is Wave Power Technology Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-09), Wave Power Technology's Beta is Not available.


Wave Power Technology Beta Historical Data

The historical data trend for Wave Power Technology'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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Wave Power Technology Beta Chart

Wave Power Technology Annual Data
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Beta
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Wave Power Technology Quarterly Data
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Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Wave Power Technology's Beta

For the Electrical Equipment & Parts subindustry, Wave Power Technology'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.


Wave Power Technology's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wave Power Technology's Beta distribution charts can be found below:

* The bar in red indicates where Wave Power Technology's Beta falls into.



Wave Power Technology 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.


Wave Power Technology  (ROCO:6895) 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)


Wave Power Technology Beta Related Terms

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Wave Power Technology (ROCO:6895) Business Description

Traded in Other Exchanges
N/A
Address
No.31, Lane 598, Zhongzheng Road, Miaoli County, Toufen City, TWN, 35151
Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.

Wave Power Technology (ROCO:6895) Headlines

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