Goldman Sachs Group (GS)
Goldman Sachs Group Beta: 1.442
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GS Beta Range, Past 5 Years
| Minimum | 1.090 | May 2007 |
| Maximum | 1.635 | Dec 2008 |
| Average | 1.371 |
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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GS News
about 4 hours ago by chitonic
about 6 hours ago by RSDtrading
about 8 hours ago by Stevez1
May 29, 12:26PM Street Insider
about 12 hours ago by ecotrader
about 12 hours ago by ecotrader
about 12 hours ago by ecotrader
about 12 hours ago by lamonicabuzz
about 13 hours ago by Stevez1
about 13 hours ago by bradloncar
about 14 hours ago by mytfine
May 29, 9:01AM Street Insider
about 16 hours ago by RedDogT3Live
about 2 days ago by FITZSTOCK2004
about 2 days ago by Scheplick
about 2 days ago by WalkenTalken
about 4 days ago by GilgalMarkets
about 4 days ago by OptionsCommander
May 24, 8:50AM Street Insider
May 23, 10:20AM Street Insider
May 22, 8:11AM Street Insider
May 21, 8:56AM Street Insider
May 18, 2:36PM Street Insider
May 18, 7:18AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GS | 97.82 | +1.12 | +1.16% | 47.86B |
| GRZ | 3.40 | +0.11 | +3.34% | 195.89M |
| GRX | 8.14 | +0.04 | +0.49% | |
| GRVY | 1.92 | +0.06 | +3.23% | 51.71M |
| GRT | 9.295 | +0.17 | +1.92% | 1.244B |
| GRRF | 3.11 | +0.00 | +0.00% | 70.69M |
| GMK | 9.13 | +0.33 | +3.75% | 1.240B |
| GMET | 0.30 | +0.00 | +0.77% | 11.91M |
| GME | 19.70 | +0.18 | +0.92% | 2.615B |
| GMCR | 25.77 | +0.46 | +1.82% | 3.919B |
