El Beta de Original Sixteen to One Mine, Inc. es -419.03
BETA indica si una acción es más o menos volátil que el mercado en su conjunto. Una beta inferior a 1 indica que el stock es menos volátil que el mercado, mientras que una beta más de 1 indica que el stock es más volátil. La volatilidad se mide como la fluctuación del precio alrededor de la media.
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.
Original Sixteen to One Mine, Inc. explores for, produces, and operates gold properties in California. It primarily operates Alleghany Mining District, a hard rock underground gold mine in California. The company holds 26 patented claims covering an area of 470 acres; 160 acres of mineral rights on patented claims; and approximately 320 acres of unpatented claims in the Alleghany properties. Original Sixteen to One Mine, Inc. was founded in 1896 and is based in Alleghany, California.