City National Corporation (CYN)
City National Corporation Beta: 0.9768
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CYN Beta Range, Past 5 Years
| Minimum | 0.1922 | Sep 2007 |
| Maximum | 0.9768 | Apr 2012 |
| Average | 0.6932 |
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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CYN News
May 11, 8:14PM Seeking Alpha
about 20 days ago by MarketBrief
about 21 days ago by MarketBrief
about 26 days ago by RecogniaEvents
May 01, 9:00AM GlobeNewswire
Apr 24, 11:53AM GlobeNewswire
about 35 days ago by DynamicDividend
Apr 19, 8:31PM Seeking Alpha
about 39 days ago by earningscast
Apr 19, 4:15PM GlobeNewswire
about 42 days ago by redman59
Apr 12, 7:53AM Street Insider
about 59 days ago by MarketBrief
Mar 26, 1:00PM GlobeNewswire
Mar 12, 1:00PM GlobeNewswire
Mar 06, 1:00PM GlobeNewswire
Mar 01, 12:21PM GlobeNewswire
Feb 28, 9:00AM GlobeNewswire
Feb 22, 9:00AM GlobeNewswire
Feb 21, 9:51AM Street Insider
about 111 days ago by valuewalk
about 130 days ago by DynamicDividend
about 130 days ago by earningscast
about 130 days ago by Benzinga
about 130 days ago by DynamicDividend
about 192 days ago by TradeIdeasQuant
about 250 days ago by eyeonequities
about 276 days ago by StockTiger
about 277 days ago by StockTiger
about 278 days ago by StockTiger
about 278 days ago by StockTiger
about 308 days ago by DynamicDividend
about 312 days ago by Benzinga
about 403 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CYN | 50.25 | -0.29 | -0.57% | 2.674B |
| CYMI | 53.30 | -0.08 | -0.15% | 1.643B |
| CYH | 22.66 | +0.28 | +1.25% | 2.075B |
| CYE | 7.55 | +0.05 | +0.67% | |
| CYCC | 0.5124 | -0.02 | -3.32% | 27.79M |
| CYBI | 1.761 | -0.03 | -1.62% | 30.15M |
| CYBE | 8.34 | +0.00 | +0.00% | 57.80M |
| CYB | 25.22 | +0.00 | +0.00% | |
| CYAN | 7.60 | -0.15 | -1.94% | 41.12M |
| CY | 13.25 | +0.11 | +0.84% | 2.052B |
