L.B. Foster Company (FSTR)
L.B. Foster Company Beta: 1.164
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FSTR Beta Range, Past 5 Years
| Minimum | 0.7496 | Jul 2007 |
| Maximum | 1.675 | Mar 2008 |
| Average | 1.149 |
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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FSTR News
May 22, 1:53AM Benzinga
about 28 days ago by earningscast
about 41 days ago by RecogniaEvents
about 96 days ago by earningscast
about 102 days ago by earningscast
Jan 31, 4:06AM Benzinga
about 123 days ago by valuewalk
Jan 23, 4:16PM Street Insider
Jan 20, 4:25AM Benzinga
Jan 17, 1:21PM PR Newswire
about 271 days ago by blaise9
about 294 days ago by JQuereau
about 299 days ago by Street_Insider
about 299 days ago by Benzinga
about 302 days ago by txbondman
about 393 days ago by DynamicDividend
about 393 days ago by Street_Insider
about 487 days ago by txbondman
about 530 days ago by annveena
about 537 days ago by OptionRadar
about 544 days ago by OptionRadar
about 547 days ago by OptionRadar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FSTR | 27.66 | -0.04 | -0.14% | 283.52M |
| FST | 8.43 | +0.22 | +2.68% | 988.08M |
| FSS | 4.88 | +0.04 | +0.83% | 303.44M |
| FSRV | 26.32 | +0.17 | +0.65% | 753.28M |
| FSR | 7.40 | -0.07 | -0.94% | 520.07M |
| FSP | 10.05 | +0.07 | +0.70% | 833.55M |
| FRO | 5.38 | +0.40 | +8.03% | 418.89M |
| FRN | 19.46 | +0.04 | +0.21% | |
| FRME | 11.79 | -0.28 | -2.32% | 340.73M |
| FRM | 4.44 | +0.10 | +2.30% | 165.17M |