Bio-Rad Laboratories (BIO)
Bio-Rad Laboratories Beta: 1.134
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BIO Beta Range, Past 5 Years
| Minimum | 0.7382 | Apr 2008 |
| Maximum | 1.495 | Oct 2007 |
| Average | 1.124 |
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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BIO News
May 15, 1:22PM Marketwire
May 02, 8:42AM Street Insider
May 02, 8:05AM Benzinga
May 01, 10:15PM Seeking Alpha
about 26 days ago by earningscast
about 39 days ago by ATandon_STE
Apr 10, 7:22PM Marketwire
about 54 days ago by fallondpicks
about 54 days ago by tickertutor
Apr 03, 12:54PM The Wall Street Journal
about 55 days ago by TradeBot
Apr 03, 6:41AM Street Insider
Apr 03, 5:30AM PR Newswire
Apr 02, 7:58PM Marketwire
about 69 days ago by RecogniaEvents
Feb 23, 11:29PM Seeking Alpha
about 94 days ago by earningscast
about 94 days ago by Benzinga
about 123 days ago by redman59
about 163 days ago by 1nvestor
about 208 days ago by Benzinga
about 289 days ago by 1nvestor
about 299 days ago by Benzinga
about 420 days ago by OptionRadar
about 458 days ago by Benzinga
about 503 days ago by vjtweet
about 544 days ago by maxrobespierre
about 554 days ago by maxrobespierre
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BIO | 101.39 | -0.63 | -0.62% | 2.859B |
| BIN | 19.71 | -0.18 | -0.91% | 2.312B |
| 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 |
