Albany Molecular Research (AMRI)
Albany Molecular Research Beta: 1.292
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AMRI Beta Range, Past 5 Years
| Minimum | 0.008 | Sep 2007 |
| Maximum | 1.747 | Apr 2008 |
| Average | 1.166 |
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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AMRI News
about 18 days ago by earningscast
about 23 days ago by epime7heus
Apr 30, 8:00AM PR Newswire
Apr 17, 8:00AM PR Newswire
Apr 03, 8:01AM Benzinga
Mar 27, 8:00AM PR Newswire
Feb 07, 8:05AM Street Insider
Feb 01, 8:00AM PR Newswire
Dec 22, 5:08PM Street Insider
about 165 days ago by abubnic
about 165 days ago by abubnic
about 381 days ago by canarionyc
about 405 days ago by Tr8r_x
about 485 days ago by TradeHawk
about 524 days ago by canarionyc
about 709 days ago by Assailed
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AMRI | 2.71 | -0.05 | -1.81% | 83.39M |
| AMRC | 11.07 | -0.15 | -1.34% | 289.15M |
| AMPL | 0.185 | +0.01 | +2.83% | 10.38M |
| ALVR | 0.49 | +0.03 | +6.52% | 28.41M |
| ALV | 57.16 | -0.25 | -0.44% | 5.116B |
| ALU | 1.67 | +0.07 | +4.38% | 3.883B |
| ALTR | 34.42 | +0.66 | +1.96% | 11.11B |
| ALTI | 0.66 | +0.00 | +0.00% | 45.84M |
| ALTH | 1.80 | +0.00 | +0.00% | 192.53M |
| ALTE | 22.72 | -0.28 | -1.22% | 2.292B |
