Employers (EIG)
Employers Beta: 1.048
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EIG Beta Range, Past 5 Years
| Minimum | 0.8744 | Feb 2010 |
| Maximum | 1.056 | Jan 2012 |
| Average | 0.9496 |
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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EIG News
May 16, 2:04PM Business Wire
about 18 days ago by DynamicDividend
May 09, 6:42PM Business Wire
about 20 days ago by earningscast
May 08, 4:45PM Business Wire
about 32 days ago by RecogniaEvents
Apr 18, 6:34PM Business Wire
Apr 02, 9:30AM Business Wire
Mar 14, 10:00AM Business Wire
Mar 14, 10:00AM Business Wire
about 88 days ago by secretbonus
Feb 29, 6:31PM Business Wire
about 89 days ago by earningscast
Feb 29, 6:27AM Business Wire
Feb 28, 2:29PM Business Wire
about 90 days ago by earningscast
Feb 28, 10:28AM Business Wire
Feb 27, 4:47PM Street Insider
Feb 27, 4:45PM Business Wire
Feb 07, 11:00AM Business Wire
Jan 25, 9:00AM Business Wire
Jan 19, 9:00AM Business Wire
Dec 14, 8:30AM Business Wire
Dec 07, 11:00AM Business Wire
Nov 21, 2:26PM Business Wire
Nov 18, 3:12PM Business Wire
about 299 days ago by Benzinga
about 386 days ago by jimvanmeerten
about 451 days ago by jimvanmeerten
about 691 days ago by AlephBlog
about 824 days ago by specialsin
about 826 days ago by specialsin
about 830 days ago by LaMonicaBuzz
about 908 days ago by rfurlan
about 972 days ago by rfurlan
about 1107 days ago by fooltoby
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EIG | 17.31 | -0.09 | -0.52% | 564.31M |
| EIDO | 26.78 | -1.68 | -5.90% | |
| EIA | 12.99 | +0.14 | +1.09% | |
| EHTH | 16.57 | -0.17 | -1.02% | 322.78M |
| EHI | 12.95 | -0.01 | -0.08% | |
| EGY | 8.04 | -0.03 | -0.37% | 459.24M |
| EGT | 0.90 | +0.05 | +5.88% | 106.96M |
| EGRW | 47.51 | +0.00 | +0.00% | |
| EGP | 49.25 | -0.76 | -1.52% | 1.372B |
| EGOV | 10.99 | +0.05 | +0.46% | 717.65M |
