Broadridge Financial Solutions (BR)
Broadridge Financial Solutions Beta: 0.7359
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BR Beta Range, Past 5 Years
| Minimum | 0.6564 | Apr 2010 |
| Maximum | 0.7477 | May 2010 |
| Average | 0.7169 |
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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BR News
May 08, 12:00PM Seeking Alpha
about 20 days ago by earningscast
May 08, 7:08AM Street Insider
May 01, 1:46PM Street Insider
about 38 days ago by mikemost
Apr 20, 11:44AM Marketwire
Apr 20, 11:20AM Marketwire
about 40 days ago by lamonicabuzz
about 40 days ago by lamonicabuzz
about 40 days ago by lamonicabuzz
Apr 17, 3:00AM PR Newswire
Apr 10, 8:00AM PR Newswire
Mar 26, 8:00AM PR Newswire
Mar 19, 8:30AM PR Newswire
Mar 14, 4:30PM CNW Group
Mar 06, 1:44PM Marketwire
Mar 05, 2:40PM Marketwire
Mar 05, 8:00AM PR Newswire
about 111 days ago by earningscast
about 130 days ago by howardlindzon
about 180 days ago by QuantBot
about 193 days ago by abubnic
about 207 days ago by Benzinga
about 234 days ago by MarketBrief
about 290 days ago by DynamicDividend
about 291 days ago by Benzinga
about 339 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BR | 20.54 | -0.06 | -0.29% | 2.548B |
| BQY | 11.80 | +0.11 | +0.94% | |
| BPT | 112.92 | +0.02 | +0.02% | 2.416B |
| CBZ | 5.76 | -0.05 | -0.86% | 288.58M |
| CBT | 38.27 | -0.88 | -2.25% | 2.413B |
| CBST | 39.87 | -0.04 | -0.10% | 2.510B |
| CBSH | 39.00 | -0.06 | -0.15% | 3.473B |
| CBS | 31.56 | -0.07 | -0.22% | 20.48B |
| CBRX | 0.6602 | +0.02 | +3.27% | 57.66M |
| CBRL | 59.82 | +0.35 | +0.59% | 1.375B |
