Black Hills Corporation (BKH)
Black Hills Corporation Beta: 0.977
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BKH Beta Range, Past 5 Years
| Minimum | 0.4178 | Jul 2007 |
| Maximum | 1.246 | Feb 2009 |
| Average | 1.006 |
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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BKH News
about 16 days ago by MarketBrief
May 03, 5:10PM Business Wire
Apr 19, 9:01AM Thomson Reuters ONE
about 66 days ago by MarketBrief
Mar 20, 4:06PM Thomson Reuters ONE
Mar 01, 5:25PM Thomson Reuters ONE
Feb 02, 5:59PM Thomson Reuters ONE
Feb 01, 4:07PM Thomson Reuters ONE
about 122 days ago by DynamicDividend
Jan 26, 4:19PM Thomson Reuters ONE
about 129 days ago by earningscast
Jan 18, 6:32PM Thomson Reuters ONE
Dec 28, 11:47AM Street Insider
Dec 22, 9:58PM PR Newswire
about 293 days ago by Benzinga
about 320 days ago by StockTiger
about 342 days ago by 1nvestor
about 382 days ago by DynamicDividend
about 388 days ago by howardlindzon
about 388 days ago by ycharts
about 403 days ago by scholzcapital
about 409 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BKH | 31.73 | +0.01 | +0.03% | 1.399B |
| BKF | 34.65 | +0.16 | +0.46% | |
| BIOD | 0.76 | +0.01 | +1.47% | 29.42M |
| BIOB | 107.27 | +0.67 | +0.63% | 3.053B |
| 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% |
