Heelys (HLYS)
Heelys Beta: 0.7868
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HLYS Beta Range, Past 5 Years
| Minimum | 0.7538 | Feb 2012 |
| Maximum | 0.9476 | Nov 2010 |
| Average | 0.8621 |
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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HLYS News
May 02, 1:43PM GlobeNewswire
Apr 04, 1:14PM Business Wire
Mar 20, 4:10PM GlobeNewswire
Mar 13, 2:12PM GlobeNewswire
Dec 14, 9:00AM Business Wire
about 182 days ago by Gianluca_Ferrari
Nov 18, 10:47AM Business Wire
Nov 02, 4:10PM GlobeNewswire
about 214 days ago by longshorttrader
about 225 days ago by goingmakai
about 260 days ago by Gianluca_Ferrari
about 267 days ago by Gianluca_Ferrari
about 307 days ago by TheAcsMan
about 342 days ago by JeffReevesIP
about 364 days ago by Attitrade
about 421 days ago by abnormalreturns
about 421 days ago by marketfolly
about 555 days ago by danshep55
about 558 days ago by danshep55
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HLYS | 2.17 | -0.07 | -3.12% | 61.76M |
| HEB | 0.278 | +0.01 | +2.96% | 36.67M |
| HEAT | 4.04 | +0.00 | +0.00% | 15.59M |
| HE | 27.47 | +0.27 | +0.99% | 2.617B |
| HDY | 0.80 | -0.09 | -10.12% | 148.49M |
| HDSN | 3.96 | +0.11 | +2.86% | 91.55M |
| HDNG | 9.89 | +0.15 | +1.54% | 113.67M |
| HDG | 38.28 | +0.12 | +0.32% | |
| HDB | 29.36 | +0.76 | +2.66% | 22.18B |
| HD | 49.78 | +0.34 | +0.69% | 75.39B |
