Heritage Financial Group (HBOS)
Heritage Financial Group Beta: 0.7492
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HBOS Beta Range, Past 5 Years
| Minimum | 0.2118 | Sep 2008 |
| Maximum | 0.7889 | Sep 2011 |
| Average | 0.5580 |
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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HBOS News
May 23, 9:08AM Street Insider
May 17, 7:48AM Street Insider
May 08, 10:00AM Business Wire
Apr 30, 4:00PM Business Wire
Feb 22, 4:03PM Street Insider
Feb 22, 4:02PM Benzinga
Feb 22, 4:01PM Business Wire
Feb 08, 10:00AM Business Wire
Nov 16, 7:45AM Street Insider
Nov 16, 7:45AM Business Wire
Oct 26, 4:00PM Business Wire
Aug 22, 6:53AM Street Insider
Aug 17, 11:15AM Street Insider
Aug 17, 11:15AM Street Insider
Aug 17, 11:15AM Business Wire
Jul 27, 5:00PM Business Wire
Jul 25, 5:00PM Business Wire
May 18, 10:04AM Business Wire
May 09, 7:00AM Business Wire
Feb 25, 10:30AM Business Wire
Feb 24, 9:23AM Business Wire
about 870 days ago by retheauditors
about 870 days ago by retheauditors
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about 1330 days ago by Hejog
about 1339 days ago by retheauditors
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HBOS | 12.26 | -0.09 | -0.73% | |
| HBNC | 25.10 | -0.15 | -0.59% | 125.49M |
| HBIO | 3.60 | +0.00 | +0.00% | 103.50M |
| HBI | 27.89 | +0.84 | +3.11% | 2.639B |
| HBHC | 30.48 | +0.76 | +2.56% | 2.549B |
| HBC | 40.37 | +0.14 | +0.35% | |
| HBAN | 6.64 | +0.18 | +2.79% | 5.593B |
| GWR | 51.44 | -0.22 | -0.43% | 2.194B |
| GVP | 2.29 | -0.07 | -2.97% | 43.33M |
| GVI | 111.69 | +0.12 | +0.11% |
