The First of Long Island Corporation (FLIC)
The First of Long Island Corporation Beta: 0.5398
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FLIC Beta Range, Past 5 Years
| Minimum | 0.2735 | May 2007 |
| Maximum | 0.8469 | Dec 2007 |
| Average | 0.4995 |
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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FLIC News
Apr 30, 10:10AM GlobeNewswire
about 75 days ago by MarketBrief
Mar 02, 9:31AM Street Insider
Mar 02, 9:30AM GlobeNewswire
Jan 30, 1:00PM GlobeNewswire
Dec 21, 9:46AM Street Insider
Dec 21, 9:45AM GlobeNewswire
Nov 03, 10:31AM Benzinga
about 245 days ago by DynamicDividend
about 249 days ago by DynamicDividend
Sep 21, 10:32AM Street Insider
Sep 21, 10:00AM Benzinga
Sep 21, 10:00AM GlobeNewswire
Jul 28, 9:30AM GlobeNewswire
about 340 days ago by Phila_trader
Jun 22, 10:00AM GlobeNewswire
May 06, 12:10PM GlobeNewswire
about 1020 days ago by charlesamadeus
about 1063 days ago by KiplingerMedia
about 1064 days ago by Eody
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FLIC | 27.31 | +0.05 | +0.18% | 240.98M |
| FLEX | 6.455 | +0.04 | +0.55% | 4.579B |
| FLDM | 14.35 | +0.41 | +2.94% | 285.77M |
| FLC | 18.97 | -0.13 | -0.68% | |
| FL | 32.61 | +0.19 | +0.59% | 4.925B |
| FJP | 34.88 | -0.08 | -0.23% | |
| FIZZ | 14.15 | +0.14 | +1.00% | 648.38M |
| FIX | 9.21 | -0.09 | -0.97% | 348.01M |
| FIVZ | 81.96 | +0.04 | +0.05% | |
| FITB | 13.43 | -0.09 | -0.67% | 12.44B |
