The Ensign Group (ENSG)
The Ensign Group Beta: 0.7227
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ENSG Beta Range, Past 5 Years
| Minimum | 0.6205 | Nov 2010 |
| Maximum | 0.7394 | Aug 2011 |
| Average | 0.6902 |
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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ENSG News
May 02, 4:00PM PR Newswire
Apr 27, 6:39PM PR Newswire
about 47 days ago by MarketBrief
about 48 days ago by RecogniaEvents
Mar 15, 6:16AM Street Insider
Mar 07, 6:16AM Street Insider
Feb 22, 6:00AM PR Newswire
Feb 15, 4:45PM PR Newswire
Feb 14, 5:32PM Street Insider
Feb 10, 6:30PM PR Newswire
Feb 03, 6:30AM Street Insider
Jan 10, 5:15AM PR Newswire
Jan 04, 12:02PM Street Insider
Jan 03, 9:16AM Street Insider
about 165 days ago by DynamicDividend
about 333 days ago by DynamicDividend
about 348 days ago by jimvanmeerten
about 418 days ago by traderstewie
about 465 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ENSG | 24.87 | +0.08 | +0.32% | 527.49M |
| ENS | 30.16 | -0.44 | -1.44% | 1.440B |
| ENR | 72.87 | +1.01 | +1.41% | 4.806B |
| ENOC | 6.14 | -0.06 | -0.97% | 172.78M |
| ENMD | 1.99 | +0.01 | +0.51% | 24.20M |
| ENL | 21.44 | -0.12 | -0.56% | 7.762B |
| ENI | 17.84 | +0.22 | +1.25% | 11.65B |
| ENH | 39.26 | -0.09 | -0.23% | 1.692B |
| ENG | 1.73 | -0.03 | -1.70% | 46.05M |
| ELNK | 8.19 | +0.03 | +0.37% | 869.61M |
