Yamaguchi Financial Group Inc.

Japan Country flag Japan
Sector: Banks
Ticker: 8418
ISIN: JP3935300008
Factsheet Factsheet

Levered/Unlevered Beta of Yamaguchi Financial Group Inc. ( 8418 | JPN)

Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Since the market is the benchmark, the market's beta is always 1. When a stock has a beta greater than 1, it means the stock is expected to increase by more than the market in up markets and decrease more than the market in down markets. Conversely, a stock with a beta lower than 1 is expected to rise less than the market when the market is moving up , but fall less than the market when the market is moving down. Despite being rare, a stock may have a negative beta, which means the stock moves opposite the general market trend.
Yamaguchi Financial Group Inc. shows a Beta of 0.56.
This is significantly lower than 1. The volatility of Yamaguchi Financial Group Inc. according to this measure is significantly lower than the market volatility.

Beta (Ref: NIKKEI 225)
Levered betaUnlevered beta
1-Year0.56N/A
2-Year1.04N/A
3-Year1.03N/A
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Valuation
P/BookP/Earnings (e) 2021P/Earnings NTM
Yamaguchi Financial Group Inc.Free trialFree trialFree trial
International PeersFree trialFree trialFree trial
Banks1.0110.5210.46
NIKKEI 2251.0413.6912.56
Japan1.1616.7515.56
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Stock Perf excl. Dividends (in JPY)
8418NIKKEI 225Rel. Perf.
Year-to-Date12.9%10.2%2.7%
1-Week-3.7%-0.8%-2.9%
1-Month3.3%9.1%-5.8%
1-Year-12.0%31.0%-43.0%
3-Year-48.4%26.7%-75.1%
5-Year-42.2%80.5%-122.7%
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International Peers - Yamaguchi Financial Group Inc.
Company NameCtryMarket
Cap.
last (mUSD)
Yamaguchi Financial Gro...JPN1 580
International Peers Median0.57
Societe Generale S.A.FRA26 091
Huntington Bancshares I...USA22 234
E. SUN Financial Holdin...TWN12 640
United Bankshares Inc.USA4 352
Karnataka Bank Ltd.IND296
GPRV Analysis
Yamaguchi Financial ...
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Total Revenue Chart
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Quotes Chart

1-Year Rebased Stock Chart

  • Yamaguchi Financial Group Inc.
  • NIKKEI 225
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Did you know ?

Infront Analytics' Beta calculator allows you to define your input parameters for custom beta calculations.
The beta calculator offers additional flexibility, such as:
- Reference index: apply the same reference index for all companies in your list regardless of their country.
- Sampling frequency: choose between a weekly or a monthly sampling frequency for the closing prices.
- Debt for unlevered beta: choose the type of debt to be used for unlevered beta calculations.
- Additional beta statistics: calculate R-squared and T-value.

About Beta

Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk linked to the debt level). Unlevered beta (or ungeared beta) compares the risk of an unlevered company (i.e. with no debt in the capital structure) to the risk of the market. Unlevered beta is useful when comparing companies with different capital structures as it focuses on the equity risk. Unlevered beta is generally lower than the levered beta. However, unlevered beta could be higher than levered beta when the net debt is negative (meaning that the company has more cash than debt).
Many different betas can be calculated for a given stock. The main common variables that affect beta calculations are the time period, the reference date, the sampling frequency for closing prices and the reference index.
The calculation divides the covariance of the stock return with the market return by the variance of the market return. Beta is used very often for company valuation using the Discounted Cash Flows (DCF) method. The discount rate is calculated using the Weighted Average Cost of Capital (WACC). The WACC is essentially a blend of the cost of equity and the after-tax cost of debt. The cost of equity is usually calculated using the capital asset pricing model (CAPM), which defines the cost of equity as follows: re = rf + β × (rm - rf)
Where:
rf = Risk-free rate
β = Beta (levered)
(rm - rf) = Market risk premium.