Carriage Services (CSV)
Carriage Services Beta: 0.949
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CSV Beta Range, Past 5 Years
| Minimum | -0.4595 | Dec 2007 |
| Maximum | 1.138 | Oct 2008 |
| Average | 0.7189 |
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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CSV News
Apr 30, 4:24PM Street Insider
Apr 24, 7:30AM PR Newswire
about 67 days ago by bradloncar
Mar 13, 5:50PM PR Newswire
Feb 22, 4:18PM Street Insider
Feb 22, 4:15PM PR Newswire
Feb 21, 4:16PM Benzinga
Feb 21, 4:15PM PR Newswire
Feb 07, 7:30AM PR Newswire
about 116 days ago by DynamicDividend
Jan 25, 7:31AM Street Insider
Dec 13, 4:41PM theflyonthewall.com
Dec 13, 4:36PM Benzinga
about 189 days ago by MarketBrief
Nov 04, 7:38AM Benzinga
Nov 03, 4:57PM Street Insider
Nov 03, 4:33PM Street Insider
Nov 03, 4:31PM Benzinga
about 285 days ago by crazybobo
about 361 days ago by STNet
about 391 days ago by DynamicDividend
about 610 days ago by andrewunknown
about 808 days ago by ConfidentInvest
about 1131 days ago by twnstat
about 1133 days ago by twnstat
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CSV | 7.25 | +0.02 | +0.28% | 131.59M |
| CSUND | 1.20 | +0.03 | +2.56% | |
| CSUN | 1.20 | +0.03 | +2.56% | 17.82M |
| CSU | 9.67 | +0.12 | +1.26% | 272.11M |
| COBR | 4.45 | -0.15 | -3.26% | 29.41M |
| CO | 2.63 | -0.04 | -1.50% | 193.17M |
| CNYD | 0.92 | +0.04 | +4.55% | 17.99M |
| CNX | 29.59 | +0.02 | +0.07% | 6.733B |
| CNW | 33.65 | -0.29 | -0.85% | 1.877B |
| CNU | 6.45 | +0.00 | +0.00% |
