Calavo Growers (CVGW)
Calavo Growers Beta: 0.7222
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CVGW Beta Range, Past 5 Years
| Minimum | 0.6313 | May 2007 |
| Maximum | 1.440 | Jul 2008 |
| Average | 0.9238 |
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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CVGW News
about 24 days ago by redman59
Apr 10, 6:16PM Street Insider
about 83 days ago by MawiLoca
about 83 days ago by MawiLoca
about 84 days ago by MawiLoca
Mar 05, 9:00AM Business Wire
about 85 days ago by MawiLoca
about 91 days ago by TradeBot
about 113 days ago by hertcapital
about 114 days ago by chessNwine
Jan 05, 9:03AM Street Insider
about 144 days ago by Benzinga
Jan 05, 9:00AM Business Wire
Nov 04, 1:03PM Street Insider
about 368 days ago by ycharts
about 382 days ago by DynamicDividend
about 385 days ago by ycharts
about 453 days ago by DynamicDividend
about 503 days ago by ProfDoomfinger
about 575 days ago by doomdog144
about 608 days ago by OptionRadar
about 666 days ago by StockTradeJournal
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CVGW | 28.08 | +0.08 | +0.29% | 414.74M |
| CT | 3.35 | +0.05 | +1.52% | 74.40M |
| CSX | 21.37 | +0.02 | +0.09% | 22.21B |
| CSWC | 87.55 | -0.33 | -0.38% | 329.19M |
| 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 |