Career Education Corporation (CECO)
Career Education Corporation Beta: 1.081
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CECO Beta Range, Past 5 Years
| Minimum | -0.0547 | May 2007 |
| Maximum | 2.442 | Apr 2008 |
| Average | 0.9241 |
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
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CECO News
about a day ago by ACInvestorBlog
May 25, 1:42PM Street Insider
about 3 days ago by TradeIdeasQuant
about 3 days ago by Glopolon
about 3 days ago by ACInvestorBlog
about 3 days ago by Glopolon
about 3 days ago by Val_U_Investor
about 3 days ago by Glopolon
about 7 days ago by ACInvestorBlog
about 11 days ago by MarketBrief
May 14, 2:57PM Street Insider
about 14 days ago by Stop_Hunter
about 14 days ago by ldrogen
May 14, 11:13AM Street Insider
May 11, 5:02PM Seeking Alpha
about 17 days ago by PAAResearch
about 17 days ago by TradeIdeasQuant
May 11, 8:28AM Street Insider
May 09, 5:58PM Street Insider
May 02, 8:25AM Marketwire
May 01, 4:30PM Business Wire
May 01, 7:53AM Street Insider
Apr 30, 6:49PM Business Wire
Apr 06, 2:21PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CECO | 7.03 | +0.72 | +11.41% | 474.81M |
| CECE | 7.15 | +0.11 | +1.56% | 103.82M |
| CEC | 35.78 | -0.22 | -0.61% | 646.90M |
| CEBK | 30.50 | +0.00 | +0.00% | 51.24M |
| CEA | 14.45 | -0.10 | -0.69% | 2.769B |
| COGO | 1.89 | +0.02 | +1.07% | |
| COG | 34.77 | -0.30 | -0.86% | 7.282B |
| COF | 51.13 | -0.59 | -1.14% | 29.66B |
| CODI | 13.12 | -0.03 | -0.23% | 633.70M |
| CODE | 10.81 | -0.07 | -0.64% | 647.74M |
