Extreme Networks (EXTR)
Extreme Networks Beta: 1.631
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EXTR Beta Range, Past 5 Years
| Minimum | 0.56 | Dec 2007 |
| Maximum | 1.750 | Jul 2007 |
| Average | 1.392 |
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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EXTR News
May 23, 10:18AM Street Insider
about 14 days ago by RecogniaEvents
May 08, 7:41AM PR Newswire
May 08, 7:40AM PR Newswire
May 07, 7:30AM PR Newswire
May 07, 6:02AM theflyonthewall.com
May 02, 11:20PM Seeking Alpha
Apr 30, 7:30AM PR Newswire
Apr 25, 6:37AM Benzinga
about 39 days ago by TradeBot
about 39 days ago by STNet
Apr 19, 4:25PM Street Insider
Apr 19, 4:07PM Benzinga
about 47 days ago by TradeIdeasQuant
about 48 days ago by StockTiger
about 48 days ago by StockTiger
about 49 days ago by StockTiger
about 49 days ago by StockTiger
about 49 days ago by sssc
about 49 days ago by TradeBot
Mar 26, 7:45AM PR Newswire
about 67 days ago by Fibline
about 69 days ago by jamiemc101
Mar 15, 7:35AM PR Newswire
Mar 06, 7:35AM PR Newswire
Feb 22, 7:30AM PR Newswire
Feb 02, 11:20PM Seeking Alpha
about 117 days ago by earningscast
about 117 days ago by Benzinga
about 199 days ago by slvrserfr
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EXTR | 3.72 | +0.14 | +3.91% | 335.66M |
| EXT | 46.97 | +0.17 | +0.36% | |
| EXPR | 19.24 | +0.52 | +2.78% | 1.666B |
| EXPO | 47.23 | +0.71 | +1.53% | 619.65M |
| EXPE | 45.15 | +0.26 | +0.58% | 6.000B |
| EXPD | 38.92 | +0.45 | +1.17% | 8.162B |
| EXP | 33.18 | +1.04 | +3.24% | 1.444B |
| FIG | 3.125 | -0.01 | -0.16% | 1.552B |
| FICO | 40.86 | -0.18 | -0.44% | 1.479B |
| FIBK | 13.74 | +0.05 | +0.37% | 225.61M |
