First Horizon National Corporation (FHN)
First Horizon National Corporation Beta: -0.4786
View FHN Beta with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
FHN Beta Range, Past 5 Years
| Minimum | -5.017 | Sep 2008 |
| Maximum | 1.169 | Dec 2007 |
| Average | -0.8960 |
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
You may also be interested in these FHN related companies
FHN News
May 21, 7:15AM Benzinga
May 11, 4:00PM GlobeNewswire
May 09, 9:00AM GlobeNewswire
Apr 25, 4:15PM GlobeNewswire
Apr 23, 11:10AM Street Insider
Apr 20, 10:35AM Benzinga
Apr 20, 10:07AM Street Insider
Apr 20, 7:30AM Street Insider
Apr 20, 2:10AM Seeking Alpha
about 40 days ago by sherowcap
about 40 days ago by sherowcap
about 40 days ago by earningscast
Apr 19, 7:00AM GlobeNewswire
Apr 19, 6:56AM Street Insider
Apr 19, 6:56AM Street Insider
Apr 13, 10:53AM Street Insider
Mar 30, 11:42AM GlobeNewswire
about 64 days ago by StockTwits
about 67 days ago by melomal
about 76 days ago by MarketBrief
about 77 days ago by MarketBrief
about 80 days ago by jackdamn
about 80 days ago by jackdamn
about 81 days ago by jamiemc101
about 113 days ago by sherowcap
about 130 days ago by earningscast
about 140 days ago by Predictor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FHN | 8.685 | -0.03 | -0.29% | 2.219B |
| FHCO | 5.83 | -0.07 | -1.19% | 164.79M |
| FGP | 17.58 | +0.01 | +0.06% | 1.387B |
| FGEM | 17.19 | +0.29 | +1.72% | |
| FGD | 21.56 | +0.14 | +0.63% | |
| FFNM | 3.46 | +0.00 | +0.00% | 9.965M |
| FFKY | 3.45 | -0.26 | -7.07% | 16.39M |
| FFIV | 107.95 | -1.09 | -1.00% | 8.635B |
| FFIN | 32.40 | +0.07 | +0.22% | 1.017B |
| ERII | 2.24 | +0.05 | +2.28% | 115.30M |
