Emeritus Corporation (ESC)
Emeritus Corporation Beta: 2.368
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ESC Beta Range, Past 5 Years
| Minimum | -1.087 | Oct 2007 |
| Maximum | 3.011 | Dec 2008 |
| Average | 2.137 |
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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ESC News
May 14, 2:21AM Benzinga
May 07, 11:51AM PR Newswire
Apr 19, 8:30AM Business Wire
about 69 days ago by MarketBrief
about 70 days ago by MarketBrief
about 71 days ago by MarketBrief
about 84 days ago by earningscast
Mar 06, 4:01PM Business Wire
Feb 21, 7:30AM Business Wire
about 111 days ago by tradewithpete
Jan 03, 4:05PM Street Insider
Nov 16, 8:22AM GlobeNewswire
Oct 17, 4:01PM Business Wire
Sep 07, 1:39PM Benzinga
about 291 days ago by hertcapital
about 299 days ago by Benzinga
about 585 days ago by CompoundinTrade
about 691 days ago by dpinsen
about 966 days ago by DowCrashes
about 1066 days ago by TradeHawk
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ESC | 15.40 | +0.37 | +2.46% | 676.80M |
| ESBK | 19.00 | -0.29 | -1.50% | 41.04M |
| ES | 3.375 | -0.04 | -1.32% | 305.00M |
| EQS | 2.05 | +0.00 | +0.00% | |
| EQR | 62.51 | +0.87 | +1.41% | 18.51B |
| EQIX | 162.19 | +4.27 | +2.70% | 7.369B |
| EPV | 45.20 | -0.32 | -0.70% | |
| EPS | 46.01 | -0.08 | -0.18% | |
| EPR | 42.36 | +0.24 | +0.57% | 1.965B |
| GIB | 20.37 | +0.19 | +0.94% | 4.543B |
