Hudaco Industries (JSE:HDC) Beta : 0.19 (As of May. 25, 2024)

Hudaco Industries Beta Chart

Hudaco Industries Annual Data
	Trend	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23
Beta		Get a 7-Day Free Trial					-0.28	0.43	0.63	0.55	0.26

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Beta	Get a 7-Day Free Trial															0.63	0.62	0.55	0.32	0.26

Competitive Comparison of Hudaco Industries's Beta

For the Industrial Distribution subindustry, Hudaco 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.

Hudaco Industries's Beta Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hudaco Industries's Beta distribution charts can be found below:

* The bar in red indicates where Hudaco Industries's Beta falls into.

Hudaco Industries 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.

Hudaco Industries  (JSE:HDC) 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)

Hudaco Industries Beta Related Terms

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Hudaco Industries (JSE:HDC) Business Description