Esterline Technologies Corporation (ESL)
Esterline Technologies Corporation Beta: 1.446
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ESL Beta Range, Past 5 Years
| Minimum | 1.124 | Mar 2009 |
| Maximum | 2.124 | Sep 2008 |
| Average | 1.429 |
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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ESL News
May 10, 5:01PM Thomson Reuters ONE
about 42 days ago by TradeBot
about 64 days ago by AffluenzaVirus
about 67 days ago by TradeBot
about 67 days ago by sld1986
about 67 days ago by sld1986
about 75 days ago by bradloncar
Mar 02, 11:33AM Street Insider
about 88 days ago by WatchInsiders
Mar 02, 7:42AM Street Insider
about 88 days ago by earningscast
Mar 01, 4:03PM Street Insider
about 88 days ago by Benzinga
Feb 16, 2:35PM Street Insider
Feb 15, 4:03PM Thomson Reuters ONE
Feb 10, 3:43PM Benzinga
about 151 days ago by MarketBrief
about 159 days ago by MarketBrief
about 161 days ago by MarketBrief
about 162 days ago by MarketBrief
about 164 days ago by MarketBrief
about 164 days ago by valuewalk
about 165 days ago by FASTgraphs
about 165 days ago by MarketBrief
about 166 days ago by MarketBrief
about 167 days ago by MarketBrief
about 167 days ago by FASTgraphs
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ESL | 66.69 | -0.42 | -0.63% | 2.043B |
| ESIO | 11.94 | -0.14 | -1.16% | 345.07M |
| ESIC | 7.18 | -0.01 | -0.14% | 229.04M |
| ESI | 57.90 | +1.52 | +2.70% | 1.433B |
| ESGR | 93.24 | -0.22 | -0.24% | 1.291B |
| EFX | 45.65 | +0.18 | +0.40% | 5.486B |
| 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% |
