CGI Group (GIB)
CGI Group Beta: 0.8919
View GIB 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
GIB Beta Range, Past 5 Years
| Minimum | 0.5966 | Dec 2007 |
| Maximum | 1.174 | Sep 2008 |
| Average | 0.9163 |
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 GIB related companies
GIB News
about 12 days ago by TraderFoxxx
May 07, 2:00PM Marketwire
about 36 days ago by eyeonequities
Apr 23, 2:00PM Marketwire
Apr 11, 2:30PM Marketwire
about 58 days ago by TraderFoxxx
about 64 days ago by Ubutrader
about 71 days ago by Ubutrader
about 71 days ago by Ubutrader
about 81 days ago by Ubutrader
about 82 days ago by Ubutrader
Feb 14, 8:36AM Marketwire
Feb 10, 11:23AM Marketwire
about 111 days ago by TradeIdeasQuant
Feb 08, 2:50PM Marketwire
about 118 days ago by michaelbabad
about 118 days ago by michaelbabad
about 119 days ago by michaelbabad
about 119 days ago by michaelbabad
Feb 01, 8:06AM Marketwire
Jan 26, 8:36AM Marketwire
Jan 24, 11:15AM Wall Street Transcript
Jan 24, 8:37AM Benzinga
Jan 05, 8:36AM Marketwire
about 175 days ago by Benzinga
about 190 days ago by Ubutrader
about 250 days ago by Ubutrader
about 251 days ago by Ubutrader
about 257 days ago by Ubutrader
about 320 days ago by ScottAdams_Edit
about 322 days ago by szaman
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GIB | 20.51 | +0.33 | +1.64% | 4.543B |
| GGP | 17.32 | +0.51 | +3.00% | |
| GGEM | 20.00 | -0.13 | -0.64% | |
| GGE | 16.35 | +0.20 | +1.27% | |
| GGC | 31.14 | +0.28 | +0.91% | 1.057B |
| GGB | 8.21 | +0.15 | +1.86% | 9.237B |
| GGAL | 4.83 | -0.12 | -2.42% | 614.49M |
| GG | 36.34 | -1.36 | -3.61% | 30.54B |
| GFY | 16.85 | -0.10 | -0.59% | |
| GFNCL | 3.35 | +0.00 | +0.00% |
