Power Assets Beta
What is the Beta of Power Assets?
The Beta of Power Assets Holdings Limited is 0.55
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 Utilities sector on HKSE compared to Power Assets
What does Power Assets do?
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. The company generates energy from thermal, renewable energy, and waste sources. It also distributes gas; transmits oil; holds property and deposits; and provides consulting, investing, trust administration, and management services. The company has a generation capacity of 1,004 MW renewable energy/energy from waste, 4,754 MW gas fired, and 4,216 MW coal/oil fired; and operates 114,000 km of gas/oil pipeline, as well as 400,700 km of power network serving 19,192,000 customers. The company was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in February 2011. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong.
Companies with beta similar to Power Assets
- Vodafone Plc has Beta of 0.55
- Vodafone Plc has Beta of 0.55
- Tonly Electronics has Beta of 0.55
- Graycliff Exploration has Beta of 0.55
- PME African Infrastructure Opportunities PLC has Beta of 0.55
- Korea Electric Power has Beta of 0.55
- Power Assets has Beta of 0.55
- LT Foods has Beta of 0.55
- Third Point Offshore Investors has Beta of 0.55
- Alteryx has Beta of 0.55
- Daiwa House Industry Co has Beta of 0.55
- Henry Schein has Beta of 0.55
- Aberdeen Japan Investment Trust Plc has Beta of 0.55