SPDR S&P BRIC 40 ETF (BIK)
SPDR S&P BRIC 40 ETF Beta: 1.374
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BIK Beta Range, Past 5 Years
| Minimum | 1.308 | Apr 2011 |
| Maximum | 1.411 | Jun 2010 |
| Average | 1.353 |
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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BIK News
about 44 days ago by IndiaETFs
Nov 07, 9:00AM Minyanville
Aug 02, 3:15PM Minyanville
about 308 days ago by OptionsCommander
about 530 days ago by AaronLevitt
about 576 days ago by ukarlewitz
about 767 days ago by Morph366
about 800 days ago by CoolcatReport
about 801 days ago by CoolcatReport
about 892 days ago by zippertheory
about 920 days ago by samhopkins
about 1040 days ago by bwcollins
about 1057 days ago by zippertheory
about 1077 days ago by jakeroche
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BIK | 20.72 | -0.02 | -0.10% | |
| BIIB | 131.56 | -0.09 | -0.07% | 31.41B |
| BIG | 37.30 | +1.55 | +4.34% | 2.469B |
| BIF | 5.73 | +0.01 | +0.17% | |
| BIDZ | 0.76 | +0.01 | +0.66% | 13.97M |
| BDN | 11.29 | -0.07 | -0.62% | 1.611B |
| BDMS | 16.95 | -0.04 | -0.23% | 31.19M |
| BDL | 7.30 | +0.11 | +1.53% | 13.58M |
| BDJ | 7.16 | +0.02 | +0.28% | |
| BDGE | 19.78 | +0.00 | +0.00% | 167.54M |
