AboveNet (ABVT)
AboveNet Beta: 0.7574
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ABVT Beta Range, Past 5 Years
| Minimum | -0.3114 | Jul 2007 |
| Maximum | 0.9886 | Nov 2008 |
| Average | 0.5201 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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ABVT News
about 7 days ago by woowtrading
May 10, 7:37AM Street Insider
May 10, 5:56AM theflyonthewall.com
May 09, 7:32AM Street Insider
May 09, 7:30AM Business Wire
May 03, 4:08PM Thomson Reuters ONE
Apr 24, 11:05AM Thomson Reuters ONE
about 37 days ago by marketfolly
Apr 11, 3:03AM Thomson Reuters ONE
Mar 23, 2:15PM Business Wire
Mar 22, 2:27PM Business Wire
Mar 21, 7:08PM Business Wire
about 66 days ago by MarketBrief
Mar 21, 12:58PM The Wall Street Journal
Mar 21, 10:50AM PR Newswire
about 67 days ago by MarketBrief
Mar 20, 1:12PM PR Newswire
about 68 days ago by Toptick7
about 68 days ago by Toptick7
Mar 19, 7:26PM Business Wire
about 68 days ago by MarketBrief
about 89 days ago by earningscast
about 145 days ago by walktothecabin
about 174 days ago by OptionRadar
about 178 days ago by MarketBrief
about 179 days ago by MarketBrief
about 180 days ago by MarketBrief
about 181 days ago by MarketBrief
about 190 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ABVT | 83.29 | -0.03 | -0.04% | 2.188B |
| ABVA | 4.20 | -0.05 | -1.18% | 21.46M |
| ABV | 37.96 | +0.53 | +1.42% | 118.31B |
| ABTL | 0.75 | +0.00 | +0.04% | 34.59M |
| ABT | 62.25 | -0.17 | -0.27% | 97.88B |
| ABR | 5.85 | +0.04 | +0.69% | 141.22M |
| ABMD | 20.80 | -1.12 | -5.11% | 810.99M |
| ABM | 21.73 | +0.05 | +0.23% | 1.159B |
| ABIO | 0.69 | +0.14 | +25.45% | 7.259M |
| ABH | 11.83 | +0.00 | +0.00% | 1.149B |
