Choice Hotels International (CHH)
Choice Hotels International Beta: 0.8389
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CHH Beta Range, Past 5 Years
| Minimum | 0.293 | May 2007 |
| Maximum | 1.637 | Jun 2008 |
| Average | 0.8842 |
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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CHH News
May 17, 8:00AM PR Newswire
May 16, 3:30PM PR Newswire
May 16, 9:00AM PR Newswire
May 07, 9:48AM PR Newswire
Apr 30, 4:25PM Street Insider
Apr 27, 2:50PM Seeking Alpha
about 31 days ago by earningscast
about 31 days ago by chessNwine
Apr 26, 4:51PM Street Insider
Apr 26, 4:49PM PR Newswire
about 40 days ago by StockTwits
about 40 days ago by STNet
about 40 days ago by harmongreg
Apr 18, 9:36AM PR Newswire
Apr 10, 2:19PM PR Newswire
about 61 days ago by MarketBrief
about 97 days ago by earningscast
about 131 days ago by chartly
about 131 days ago by STNet
about 132 days ago by StockTwits
about 132 days ago by harmongreg
about 181 days ago by chartly
about 181 days ago by STNet
about 181 days ago by StockTwits
about 182 days ago by StockTwits
about 182 days ago by harmongreg
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CHH | 36.08 | -0.27 | -0.74% | 2.096B |
| CHGS | 0.5799 | +0.06 | +12.60% | 15.54M |
| CHG | 65.56 | -0.44 | -0.67% | 977.50M |
| CHFN | 8.79 | -0.18 | -2.01% | 162.09M |
| CHFC | 20.89 | -0.15 | -0.71% | 573.85M |
| CHEVD | 8.51 | +0.01 | +0.12% | 75.44M |
| CHEV | 8.51 | +0.01 | +0.12% | 64.59M |
| CHE | 56.30 | +0.61 | +1.10% | 1.078B |
| CHDX | 9.51 | +0.06 | +0.63% | 148.83M |
| CHDN | 59.52 | -0.55 | -0.92% | 1.022B |
