Cavalier Resources (ASX:CVR) Beta : N/A (As of May. 31, 2024)

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What is Cavalier Resources Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-31), Cavalier Resources's Beta is Not available.

Cavalier Resources Beta Historical Data

The historical data trend for Cavalier Resources'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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Cavalier Resources Beta Chart

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Beta

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Beta	-	-	-	-	-

Competitive Comparison of Cavalier Resources's Beta

For the Gold subindustry, Cavalier Resources'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.

Cavalier Resources's Beta Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cavalier Resources's Beta falls into.

Cavalier Resources 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.

Cavalier Resources (ASX:CVR) 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)

Cavalier Resources Beta Related Terms

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Cavalier Resources (ASX:CVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cavalier Resources Ltd (ASX:CVR) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.