McFarlane Lake Mining (McFarlane Lake Mining) Beta : N/A (As of May. 18, 2024)

McFarlane Lake Mining Beta Chart

McFarlane Lake Mining Quarterly Data
	Jun21	Sep21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Beta	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of McFarlane Lake Mining's Beta

For the Gold subindustry, McFarlane Lake Mining'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.

McFarlane Lake Mining's Beta Distribution in the Metals & Mining Industry

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

* The bar in red indicates where McFarlane Lake Mining's Beta falls into.

McFarlane Lake Mining 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.

McFarlane Lake Mining  (OTCPK:MLMLF) 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)

McFarlane Lake Mining Beta Related Terms

Thank you for viewing the detailed overview of McFarlane Lake Mining's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.

McFarlane Lake Mining (McFarlane Lake Mining) Business Description