Bassett Furniture Industries (BSET)
Bassett Furniture Industries Beta: 2.021
View BSET Beta with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
BSET Beta Range, Past 5 Years
| Minimum | 0.0328 | Apr 2008 |
| Maximum | 2.634 | Mar 2009 |
| Average | 1.699 |
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.
Learn More
You may also be interested in these BSET related companies
BSET News
Apr 19, 11:19AM Street Insider
about 41 days ago by onstocks
about 44 days ago by onstocks
about 44 days ago by bradloncar
about 48 days ago by onstocks
about 74 days ago by MarketBrief
about 75 days ago by MarketBrief
about 124 days ago by DynamicDividend
about 124 days ago by bradloncar
Jan 24, 9:05AM Street Insider
Jan 24, 9:00AM GlobeNewswire
about 163 days ago by bradloncar
about 191 days ago by DynamicDividend
Nov 18, 9:02AM Street Insider
Nov 18, 9:01AM Street Insider
about 207 days ago by DynamicDividend
about 227 days ago by DynamicDividend
about 227 days ago by bradloncar
Oct 13, 3:16PM Street Insider
Sep 08, 9:00AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BSET | 9.48 | -0.22 | -2.27% | 106.84M |
| BSDM | 1.88 | -0.09 | -4.57% | 55.76M |
| BSD | 14.38 | -0.00 | -0.02% | |
| BSBR | 7.90 | +0.08 | +1.02% | 16.66B |
| BRY | 38.73 | +0.48 | +1.25% | 2.089B |
| BRT | 7.05 | +0.00 | +0.00% | 99.26M |
| BRS | 43.38 | -0.33 | -0.76% | 1.548B |
| BPT | 112.92 | +0.02 | +0.02% | 2.416B |
| BPS | 15.29 | +0.00 | +0.00% | |
| BPP | 11.36 | +0.14 | +1.25% |
