First BanCorp (FBP)
First BanCorp Beta: 1.677
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FBP Beta Range, Past 5 Years
| Minimum | 0.5147 | Dec 2008 |
| Maximum | 2.492 | Aug 2007 |
| Average | 1.326 |
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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FBP News
about 12 days ago by RecogniaEvents
May 07, 4:58PM Business Wire
about 33 days ago by RecogniaEvents
about 42 days ago by TradeIdeasQuant
about 82 days ago by TradeIdeasQuant
about 102 days ago by TradeIdeasQuant
about 102 days ago by TradeIdeasQuant
about 102 days ago by MarketBrief
about 102 days ago by MicroInsider
Feb 01, 8:00AM Business Wire
Dec 21, 5:13PM Business Wire
about 172 days ago by MarketBrief
about 173 days ago by MarketBrief
about 174 days ago by MarketBrief
about 175 days ago by MarketBrief
about 179 days ago by MarketBrief
about 180 days ago by MarketBrief
about 188 days ago by MarketBrief
about 193 days ago by MarketBrief
about 197 days ago by MarketBrief
Nov 04, 7:14AM Street Insider
Oct 26, 6:51PM Business Wire
Oct 24, 5:26PM Business Wire
Oct 19, 5:15PM Business Wire
about 228 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FBP | 3.94 | +0.30 | +8.24% | 747.29M |
| FBNC | 9.38 | +0.17 | +1.85% | 155.93M |
| FBN | 1.28 | +0.01 | +0.79% | 71.59M |
| FBMS | 9.00 | +0.00 | +0.00% | 27.63M |
| FBMI | 9.91 | -0.19 | -1.88% | 78.29M |
| FBM | 20.62 | +0.38 | +1.88% | |
| FBIZ | 22.12 | +0.12 | +0.55% | 57.51M |
| FBHS | 22.95 | +0.35 | +1.55% | 3.581B |
| FBC | 0.7636 | +0.00 | +0.46% | 423.35M |
| FB | 29.33 | -2.58 | -8.09% | 68.22B |
