Avista Corporation (AVA)
Avista Corporation Beta: 0.7008
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AVA Beta Range, Past 5 Years
| Minimum | 0.26 | Sep 2007 |
| Maximum | 1.080 | Feb 2008 |
| Average | 0.7546 |
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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AVA News
about 10 days ago by myplaniq
about 12 days ago by DynamicDividend
about 17 days ago by earningscast
about 25 days ago by earningscast
Apr 23, 6:00AM Business Wire
Apr 09, 4:05PM Business Wire
Apr 02, 4:05PM Marketwire
Mar 28, 11:00AM Business Wire
Mar 13, 9:30AM Business Wire
Mar 07, 11:00AM Business Wire
Feb 27, 5:14AM Benzinga
about 102 days ago by earningscast
about 102 days ago by Benzinga
Feb 15, 7:05AM Marketwire
Feb 13, 4:05PM Marketwire
about 113 days ago by DynamicDividend
Feb 03, 4:06PM Street Insider
about 209 days ago by 1nvestor
about 222 days ago by ansergy
about 223 days ago by ansergy
about 739 days ago by akoptiontrader
about 1053 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AVA | 25.45 | -0.04 | -0.16% | 1.490B |
| BAMM | 3.24 | +0.02 | +0.62% | 51.22M |
| BAM | 31.76 | +0.16 | +0.51% | 19.77B |
| BALT | 3.80 | -0.07 | -1.81% | 64.60M |
| BAK | 11.30 | +0.15 | +1.35% | 2.552B |
| BAH | 14.98 | -0.25 | -1.64% | 1.887B |
| BAGL | 16.63 | -0.10 | -0.60% | 280.71M |
| BAF | 15.63 | -0.01 | -0.06% | |
| BAC | 7.15 | +0.01 | +0.14% | 77.02B |
| BABY | 11.22 | +0.02 | +0.18% | 330.32M |
