Federal - Mogul Corporation (FDML)
Federal - Mogul Corporation Beta: 1.985
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FDML Beta Range, Past 5 Years
| Minimum | 1.985 | Apr 2012 |
| Maximum | 2.082 | Sep 2011 |
| Average | 2.032 |
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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FDML News
May 17, 10:56AM Thomson Reuters ONE
May 07, 8:03AM Thomson Reuters ONE
May 03, 4:32PM Fox Business
about 33 days ago by TrendExhaustion
Apr 25, 8:04AM Thomson Reuters ONE
Apr 25, 7:56AM Street Insider
Apr 24, 3:49PM Seeking Alpha
about 35 days ago by earningscast
Apr 24, 7:30AM PR Newswire
about 47 days ago by MarketBrief
Apr 09, 8:00AM PR Newswire
about 56 days ago by TradeBot
Apr 02, 9:00AM PR Newswire
Mar 22, 11:20AM PR Newswire
about 78 days ago by TradeBot
Mar 12, 8:22AM Street Insider
Feb 28, 4:30PM Seeking Alpha
about 91 days ago by earningscast
about 172 days ago by MarketBrief
about 173 days ago by MarketBrief
about 174 days ago by MarketBrief
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FDML | 11.68 | +0.18 | +1.57% | 1.137B |
| FDM | 20.87 | +0.28 | +1.36% | |
| FDEF | 15.97 | -0.01 | -0.06% | 155.49M |
| FDD | 10.94 | +0.02 | +0.18% | |
| FCX | 33.18 | +0.77 | +2.38% | 30.70B |
| FCVA | 2.40 | +0.15 | +6.67% | 6.682M |
| FCT | 14.44 | -0.02 | -0.14% | |
| FCS | 13.79 | +0.28 | +2.07% | 1.720B |
| FCO | 13.49 | -0.06 | -0.44% | |
| FCL | 27.96 | +0.08 | +0.29% |
