Getty Realty (GTY)
Getty Realty Beta: 0.986
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GTY Beta Range, Past 5 Years
| Minimum | 0.5399 | May 2007 |
| Maximum | 1.402 | Jun 2008 |
| Average | 0.9398 |
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
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GTY News
May 07, 4:52PM Business Wire
about 41 days ago by RecogniaEvents
about 47 days ago by MarketBrief
about 74 days ago by TradeBot
about 74 days ago by DynamicDividend
Mar 12, 7:02AM Benzinga
about 79 days ago by wsfms
Mar 09, 6:48AM Street Insider
Mar 09, 6:44AM Benzinga
Feb 21, 11:40AM Zacks
about 131 days ago by HFTAlert
about 175 days ago by traderdigs
about 176 days ago by DynamicDividend
about 182 days ago by contrarian1
about 195 days ago by MarketBrief
about 210 days ago by DynamicDividend
about 249 days ago by DynamicDividend
about 294 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GTY | 16.26 | +0.05 | +0.31% | 541.25M |
| IDTI | 5.58 | +0.06 | +1.09% | 780.47M |
| IDT | 8.20 | +0.03 | +0.37% | 185.79M |
| IDSY | 4.50 | -0.16 | -3.43% | 56.20M |
| IDSA | 5.13 | -0.02 | -0.39% | 35.74M |
| IBI | 25.08 | +7.14 | +39.80% | 566.90M |
| IBCP | 3.50 | +0.15 | +4.48% | 28.61M |
| IBCA | 3.72 | -0.05 | -1.33% | 81.39M |
| IBB | 125.18 | -0.02 | -0.02% | |
| IBA | 21.12 | +0.57 | +2.77% | 1.028B |
