Central Garden & Pet Company (CENT)
Central Garden & Pet Company Beta: 1.257
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CENT Beta Range, Past 5 Years
| Minimum | 0.5856 | Aug 2007 |
| Maximum | 2.860 | Jun 2008 |
| Average | 1.531 |
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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CENT News
May 10, 9:47AM PR Newswire
about 19 days ago by MarketBrief
May 02, 4:01PM Business Wire
Apr 26, 7:00AM Business Wire
Apr 19, 4:15PM Business Wire
Apr 05, 4:30PM Business Wire
Mar 19, 4:57PM Business Wire
Mar 05, 9:33AM PR Newswire
Feb 08, 9:50AM Business Wire
Feb 01, 4:24PM Street Insider
about 117 days ago by Benzinga
Feb 01, 4:01PM Business Wire
about 140 days ago by MarketBrief
Nov 17, 4:21PM Street Insider
Nov 17, 4:08PM Business Wire
Nov 14, 9:00PM Business Wire
Oct 19, 4:24PM Business Wire
about 230 days ago by meltedcheese
about 236 days ago by meltedcheese
about 299 days ago by Benzinga
about 665 days ago by ARupdates
about 905 days ago by NickyChips
about 949 days ago by NASDAQ
about 954 days ago by aquaculture1
about 978 days ago by rcline_jr
about 1001 days ago by TheKirkReport
about 1027 days ago by TheKirkReport
about 1029 days ago by TheKirkReport
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CENT | 9.15 | +0.00 | +0.00% | 439.57M |
| CEM | 21.26 | +0.34 | +1.63% | |
| CELL | 4.93 | -0.07 | -1.40% | 340.52M |
| CF | 166.56 | -1.52 | -0.90% | 10.91B |
| CEVA | 15.98 | +0.39 | +2.50% | 371.22M |
| CEV | 13.79 | -0.01 | -0.07% | |
| CETV | 5.98 | -0.14 | -2.29% | 385.05M |
| CET | 20.35 | +0.00 | +0.00% | |
| CERS | 3.49 | -0.06 | -1.69% | 189.19M |
| CERN | 79.01 | -0.36 | -0.45% | 13.41B |
