Arthur J.Gallagher (AJG)
Arthur J.Gallagher Beta: 0.9155
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AJG Beta Range, Past 5 Years
| Minimum | 0.3684 | Dec 2008 |
| Maximum | 1.003 | Apr 2009 |
| Average | 0.7746 |
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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AJG News
May 22, 3:00PM Benzinga
May 14, 9:00AM Marketwire
May 10, 2:46PM Street Insider
May 10, 2:45PM Benzinga
May 10, 9:30AM PR Newswire
May 09, 7:42AM Benzinga
May 08, 6:36AM Street Insider
May 08, 6:30AM PR Newswire
May 02, 3:08PM Seeking Alpha
May 02, 2:48PM Street Insider
May 02, 2:45PM PR Newswire
about 25 days ago by earningscast
Apr 26, 3:09AM Benzinga
Apr 11, 12:57PM Seeking Alpha
about 46 days ago by earningscast
Apr 10, 3:00PM Benzinga
about 53 days ago by MarketBrief
Apr 03, 3:27PM PR Newswire
about 54 days ago by MarketBrief
about 55 days ago by MarketBrief
about 58 days ago by MarketBrief
about 59 days ago by MarketBrief
about 60 days ago by MarketBrief
about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 65 days ago by MarketBrief
Mar 16, 10:15AM PR Newswire
about 101 days ago by MarketBrief
about 121 days ago by DynamicDividend
about 162 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AJG | 34.94 | -0.20 | -0.57% | 4.101B |
| AIZ | 33.25 | -0.61 | -1.80% | 2.909B |
| AIXG | 14.89 | -0.75 | -4.80% | 1.516B |
| AIV | 26.71 | -0.04 | -0.15% | 3.237B |
| AMD | 6.22 | +0.20 | +3.32% | 4.350B |
| AMCN | 2.35 | +0.14 | +6.33% | 152.07M |
| AMCF | 2.640 | +0.00 | +0.00% | 25.13M |
| AMCC | 5.26 | +0.09 | +1.74% | 321.75M |
| AMBO | 4.58 | +0.06 | +1.33% | 326.46M |
| AMAT | 10.54 | +0.16 | +1.54% | 13.61B |
