Ebix (EBIX)
Ebix Beta: 1.287
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EBIX Beta Range, Past 5 Years
| Minimum | 1.08 | Dec 2007 |
| Maximum | 1.778 | Jun 2008 |
| Average | 1.437 |
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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EBIX News
about 12 days ago by CatalystIR
May 11, 7:30AM GlobeNewswire
about 21 days ago by earningscast
about 25 days ago by DynamicDividend
May 04, 7:30AM GlobeNewswire
about 29 days ago by theQu4nt
about 29 days ago by theQu4nt
Apr 02, 7:00AM GlobeNewswire
Mar 22, 7:30AM GlobeNewswire
about 68 days ago by silverjet2
about 69 days ago by oa92000
about 69 days ago by StockTwits
Mar 19, 2:23PM Seeking Alpha
about 71 days ago by silverjet2
about 75 days ago by silverjet2
about 75 days ago by CollinsIR
about 76 days ago by WallStreetBean
about 76 days ago by silverjet2
about 77 days ago by earningscast
about 77 days ago by Shines_Trading_Room
about 77 days ago by DynamicDividend
about 77 days ago by 1973Hog
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EBIX | 17.93 | -0.04 | -0.22% | 653.37M |
| EPB | 33.20 | +0.83 | +2.56% | 6.829B |
| EPAY | 18.00 | -0.30 | -1.64% | 652.14M |
| EPAX | 5.12 | -0.01 | -0.19% | 90.06M |
| EP | 28.75 | +0.00 | +0.00% | 22.22B |
| EOS | 10.37 | +0.00 | +0.00% | |
| EONC | 1.11 | +0.00 | +0.00% | 3.186M |
| EOI | 10.40 | +0.00 | +0.00% | |
| EOG | 101.75 | +0.96 | +0.95% | 27.38B |
| EOC | 47.89 | +0.13 | +0.27% | 13.09B |
