Elbit Systems (ESLT)
Elbit Systems Beta: 0.9032
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ESLT Beta Range, Past 5 Years
| Minimum | 0.8166 | Apr 2010 |
| Maximum | 1.441 | Oct 2007 |
| Average | 1.012 |
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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ESLT News
May 16, 12:43PM Street Insider
May 08, 2:31AM PR Newswire
May 03, 1:32AM PR Newswire
Apr 22, 5:54AM PR Newswire
Apr 19, 5:36AM PR Newswire
Mar 29, 3:57AM PR Newswire
Mar 27, 7:29AM Benzinga
Mar 27, 7:28AM PR Newswire
Mar 19, 7:29AM Benzinga
Mar 19, 4:30AM PR Newswire
Mar 14, 9:31AM PR Newswire
Mar 06, 11:44AM PR Newswire
Feb 28, 10:20AM PR Newswire
Feb 16, 3:51AM PR Newswire
about 438 days ago by DynamicDividend
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about 620 days ago by MOFinancial
about 621 days ago by MOFinancial
about 781 days ago by georgevhulme
about 825 days ago by Street_Insider
about 1100 days ago by IBDinvestors
about 1106 days ago by IBDinvestors
about 1111 days ago by IBDinvestors
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ESLT | 34.21 | -0.13 | -0.38% | 1.467B |
| 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 |
