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Sankei Chemical Co (FSE:4995) Beta : -0.34 (As of Jun. 03, 2024)


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What is Sankei Chemical Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-03), Sankei Chemical Co's Beta is -0.34.


Sankei Chemical Co Beta Historical Data

The historical data trend for Sankei Chemical Co'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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Sankei Chemical Co Beta Chart

Sankei Chemical Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.35 0.21 -0.15 -0.43

Sankei Chemical Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 -0.25 -0.30 -0.43 -0.36

Competitive Comparison of Sankei Chemical Co's Beta

For the Agricultural Inputs subindustry, Sankei Chemical Co'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.


Sankei Chemical Co's Beta Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sankei Chemical Co's Beta distribution charts can be found below:

* The bar in red indicates where Sankei Chemical Co's Beta falls into.



Sankei Chemical Co 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.


Sankei Chemical Co  (FSE:4995) 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)


Sankei Chemical Co Beta Related Terms

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Sankei Chemical Co (FSE:4995) Business Description

Traded in Other Exchanges
N/A
Address
9 Nanei 2-Chome, Kagoshima, JPN, 891-0122
Sankei Chemical Co Ltd engages in the manufacture and sale of agrochemicals and pesticides. It offers pest and weed control agents; pesticides for rice, fruit orchards, and horticultural fields; wood insecticides and fungicides; and other agricultural materials. The firm's products include insecticides, fungicides, insecticidal fungicides, pheromone drug herbicides, herbicides, spreading agents, soil fumigants, agricultural materials, pest control agents, and others.

Sankei Chemical Co (FSE:4995) Headlines

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