Huaneng Power International (HNP)
Huaneng Power International Beta: 0.6193
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HNP Beta Range, Past 5 Years
| Minimum | 0.4948 | May 2007 |
| Maximum | 2.244 | Apr 2008 |
| Average | 1.028 |
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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HNP News
May 18, 7:13AM Benzinga
May 10, 6:26AM PR Newswire
about 68 days ago by myplaniq
Feb 27, 7:00AM PR Newswire
about 106 days ago by ChinaStocksNews
Feb 06, 8:12AM PR Newswire
Jan 30, 6:57AM Street Insider
Jan 10, 8:25AM PR Newswire
Dec 05, 9:40AM PR Newswire
about 187 days ago by DynamicDividend
about 187 days ago by TradeIdeasQuant
Oct 25, 10:29AM PR Newswire
about 415 days ago by DynamicDividend
about 462 days ago by sinastock
about 541 days ago by zecco
about 587 days ago by Street_Insider
about 603 days ago by Zignals
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HNP | 25.11 | +0.61 | +2.49% | 7.384B |
| HNI | 23.66 | +0.70 | +3.05% | 1.045B |
| HNH | 14.20 | -0.07 | -0.49% | 180.52M |
| HMY | 9.69 | -0.11 | -1.12% | 4.228B |
| HMSY | 26.88 | +0.48 | +1.82% | 2.270B |
| HMPR | 1.76 | -1.75 | -49.86% | 121.31M |
| HMNY | 2.20 | +0.00 | +0.00% | 5.126M |
| HMNF | 3.15 | -0.13 | -3.90% | 14.49M |
| HMN | 17.15 | +0.12 | +0.70% | 678.30M |
| HMIN | 21.94 | +1.48 | +7.23% | 927.45M |
