Home Federal Bancorp (HOME)
Home Federal Bancorp Beta: 1.072
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HOME Beta Range, Past 5 Years
| Minimum | 0.6851 | Oct 2008 |
| Maximum | 1.916 | Dec 2007 |
| Average | 1.059 |
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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HOME News
May 23, 4:21PM Street Insider
about 22 days ago by FoolishMikee
about 64 days ago by RecogniaEvents
about 89 days ago by RecogniaEventsTest
Feb 27, 4:17PM Street Insider
Jan 27, 4:05PM GlobeNewswire
Nov 30, 8:05AM Street Insider
Oct 28, 4:05PM GlobeNewswire
Aug 25, 4:10PM Street Insider
about 309 days ago by 1973Hog
Jun 02, 10:40AM GlobeNewswire
about 514 days ago by marcelobernard
about 586 days ago by jmalonzo
about 613 days ago by pipes2plagger
about 632 days ago by mobcov
about 709 days ago by des1slav
about 725 days ago by razor_shines
about 748 days ago by mr_villa
about 755 days ago by jpyper
about 761 days ago by LeakTheNews
about 895 days ago by exiles_
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HOME | 9.04 | +0.11 | +1.23% | 140.22M |
| HOMB | 28.51 | -0.08 | -0.28% | 807.10M |
| HOLX | 16.99 | +0.07 | +0.41% | 4.463B |
| HOLL | 1.24 | +0.00 | +0.00% | 28.74M |
| HOLI | 9.57 | +0.41 | +4.48% | 511.40M |
| HOKU | 0.0833 | -0.01 | -9.06% | 5.030M |
| HOGS | 9.74 | +0.25 | +2.63% | 356.06M |
| HOG | 48.49 | +0.97 | +2.04% | 10.94B |
| HOFT | 11.43 | -0.31 | -2.64% | 126.67M |
| HNZ | 53.59 | +0.09 | +0.17% | 17.11B |
