Cardinal Financial Corporation (CFNL)
Cardinal Financial Corporation Beta: 1.163
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CFNL Beta Range, Past 5 Years
| Minimum | 0.5782 | Sep 2007 |
| Maximum | 1.305 | Nov 2008 |
| Average | 1.021 |
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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CFNL News
May 15, 7:21PM Business Wire
Apr 30, 6:53PM Business Wire
about 39 days ago by DynamicDividend
Apr 19, 7:47AM Street Insider
about 40 days ago by sherowcap
Apr 18, 11:14AM Business Wire
Apr 16, 5:21PM Business Wire
Apr 16, 11:59AM Business Wire
about 47 days ago by sherowcap
about 68 days ago by MarketBrief
Mar 19, 4:41PM Business Wire
about 79 days ago by RecogniaEvents
Mar 05, 2:09PM Business Wire
Feb 22, 2:03PM Business Wire
about 125 days ago by DynamicDividend
Jan 18, 4:20PM Business Wire
Jan 18, 3:30PM Street Insider
about 165 days ago by MarketBrief
about 406 days ago by DynamicDividend
about 487 days ago by DynamicDividend
about 523 days ago by Fibline
about 770 days ago by akoptiontrader
about 1034 days ago by WeeklyTA
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CFNL | 11.54 | -0.06 | -0.52% | 336.97M |
| BZF | 18.83 | +0.33 | +1.78% | |
| BZ | 6.99 | -0.07 | -0.99% | 702.29M |
| BYM | 15.39 | -0.01 | -0.06% | |
| BYI | 45.38 | -0.22 | -0.48% | 1.978B |
| BYFC | 1.35 | +0.00 | +0.00% | 2.362M |
| BYD | 7.44 | +0.27 | +3.77% | 644.23M |
| BXUC | 148.38 | -0.01 | -0.01% | |
| BXS | 13.41 | -0.04 | -0.30% | 1.266B |
| BXG | 5.20 | +0.10 | +1.96% | 169.36M |
