eFuture Information Technology (EFUT)
eFuture Information Technology Beta: 1.974
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EFUT Beta Range, Past 5 Years
| Minimum | 1.920 | Nov 2011 |
| Maximum | 3.364 | Oct 2009 |
| Average | 2.600 |
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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EFUT News
May 25, 3:42PM Street Insider
about 8 days ago by super_trades
about 19 days ago by RecogniaEvents
Mar 12, 4:50PM Street Insider
Mar 12, 4:30PM GlobeNewswire
Mar 01, 8:00AM GlobeNewswire
Dec 22, 8:07AM Street Insider
Dec 22, 8:00AM GlobeNewswire
Nov 14, 4:33PM Street Insider
Oct 31, 8:30AM GlobeNewswire
Oct 19, 8:00AM GlobeNewswire
Oct 14, 8:04AM FlyOnTheWall
Oct 14, 8:00AM GlobeNewswire
Aug 22, 5:05PM Street Insider
Aug 11, 6:00AM GlobeNewswire
Jul 08, 10:22AM FlyOnTheWall
Jul 08, 9:20AM GlobeNewswire
Jul 08, 8:35AM GlobeNewswire
about 543 days ago by RasputinsLiver
about 545 days ago by RasputinsLiver
about 792 days ago by finkfinance
about 983 days ago by tradesleuth
about 984 days ago by TradeHawk
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EFUT | 4.80 | +0.45 | +10.34% | 19.10M |
| EFU | 26.18 | +0.08 | +0.31% | |
| EFSC | 11.07 | +0.09 | +0.82% | 196.49M |
| EFR | 15.26 | -0.05 | -0.33% | |
| EFII | 15.44 | -0.12 | -0.77% | 709.62M |
| DY | 20.67 | -0.03 | -0.14% | 693.07M |
| DXYN | 3.75 | +0.08 | +2.18% | 48.41M |
| DXR | 8.95 | -0.10 | -1.10% | 37.68M |
| DXPE | 47.71 | +0.87 | +1.86% | 674.14M |
| DXCM | 10.79 | +0.30 | +2.86% | 729.73M |
