Jiajiafu Modern Agriculture Beta
What is the Beta of Jiajiafu Modern Agriculture?
The Beta of Jiajiafu Modern Agriculture Limited is -0.58
What is the definition of Beta?
BETA indicates whether a stock is more or less volatile than the market as a whole. A beta less than 1 indicates that the stock is less volatile than the market, while a beta more than 1 indicates that the stock is more volatile. Volatility is measured as the fluctuation of the price around the mean.
Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.
Beta of companies in the Consumer Staples sector on ASX compared to Jiajiafu Modern Agriculture
What does Jiajiafu Modern Agriculture do?
Jiajiafu Modern Agriculture Limited, through its subsidiary, Qingzhou Jiajiafu Modern Agriculture Group Co., Ltd. engages in farming, harvesting, packing, marketing, supplying, and distributing fruits and vegetables in China. The company's products primarily include fresh produce, such as tomatoes, cucumbers, eggplants, chilies, radishes, potatoes, and yams; and processed food products comprising dandelion tea, pumpkin powder, and dried persimmons. It also trades in agriculture supplies, such as fertilizers and pesticides. The company was founded in 2011 and is based in Sydney, Australia. Jiajiafu Modern Agriculture Limited is a subsidiary of Juxin Holding Limited.
Companies with beta similar to Jiajiafu Modern Agriculture
- Jiangsu Shemar Electric Co.,Ltd has Beta of -0.59
- Grand T G Gold has Beta of -0.59
- Fusion Pharmaceuticals has Beta of -0.59
- Ezagoo has Beta of -0.59
- Esstra Industries has Beta of -0.59
- Antalis Societe anonyme has Beta of -0.58
- Jiajiafu Modern Agriculture has Beta of -0.58
- Timber Pharmaceuticals has Beta of -0.58
- Risecomm has Beta of -0.58
- XIB I Capital has Beta of -0.58
- Sirona Biochem has Beta of -0.58
- VIQ Solutions has Beta of -0.58
- Acquired Sales has Beta of -0.58