The Macroaxis Fundamental Analysis lookup allows users to check a given indicator for any equity or select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please check also Equity Screeners to view more equity screening tools
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
In accordance with recently published financial statements Joy Global has Beta of 2.38. This is much higher than that of the Industrial sector, and significantly higher than that of Power Nuclear And Heavy Engineering industry, The Beta for all stocks is over 1000% lower than the firm.
Joy Global is rated below average in debt to equity category among related companies. It is currently regarded as number one stock in current asset category among related companies fabricating about 2,593,243,836 of Current Asset per Debt to Equity.
Joy Global Retained Earnings Comparison
Joy Global Comparables
Joy Global is currently under evaluation in retained earnings category among related companies.