CAI International (CAP)
CAI International Beta: 1.819
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CAP Beta Range, Past 5 Years
| Minimum | 1.606 | Apr 2011 |
| Maximum | 1.843 | Jun 2010 |
| Average | 1.723 |
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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CAP News
May 14, 7:43PM Business Wire
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about 31 days ago by earningscast
Apr 26, 4:00PM Business Wire
Apr 17, 9:00AM Business Wire
about 65 days ago by RecogniaEvents
about 70 days ago by VallarinoAnalytics
Feb 21, 10:51PM Seeking Alpha
about 96 days ago by earningscast
Feb 21, 4:00PM Business Wire
Feb 13, 9:00AM Business Wire
about 140 days ago by negativebid
Oct 27, 4:00PM Business Wire
Oct 12, 4:00PM Business Wire
Sep 26, 9:00AM Business Wire
about 315 days ago by NMUlaxin
about 320 days ago by NMUlaxin
about 369 days ago by Hey_Its_Joe
about 376 days ago by abubnic
about 397 days ago by DarvasTrader
about 398 days ago by DarvasTrader
about 404 days ago by DarvasTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CAP | 18.82 | -0.02 | -0.11% | 363.23M |
| BXC | 2.51 | -0.09 | -3.46% | 159.96M |
| BX | 12.26 | +0.25 | +2.08% | 4.878B |
| BWZ | 35.25 | -0.05 | -0.14% | |
| BWS | 11.97 | -0.04 | -0.33% | 512.79M |
| BWP | 28.02 | +0.39 | +1.41% | 5.822B |
| BWOW | 0.33 | -0.05 | -13.16% | 2.775M |
| BWLD | 85.41 | +0.25 | +0.29% | 1.571B |
| BWL.A | 13.32 | +0.00 | +0.00% | 68.60M |
| BWINB | 21.56 | +0.21 | +0.98% | 320.38M |
