Hewlett Packard (HPQ)
Hewlett Packard Beta: 1.085
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HPQ Beta Range, Past 5 Years
| Minimum | 1.006 | Apr 2011 |
| Maximum | 1.891 | Sep 2007 |
| Average | 1.182 |
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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HPQ News
about 3 hours ago by ACE52WeekHigh
about 5 hours ago by Vanquished
about 9 hours ago by ldrogen
about 10 hours ago by neilesteinberg
about 12 hours ago by KirkLindstrom
about 12 hours ago by mitrado
about 13 hours ago by SumZero
about 16 hours ago by sld1986
May 29, 7:45AM Benzinga
about 2 days ago by TrendRida
about 2 days ago by wellsonlo
about 2 days ago by ragred
about 2 days ago by BrianNichols
about 3 days ago by 1nvestor
about 3 days ago by avickrey
May 24, 2:14PM Street Insider
May 24, 2:07PM Street Insider
May 24, 12:01PM Street Insider
May 24, 9:31AM Street Insider
May 24, 7:46AM Street Insider
May 24, 7:45AM Benzinga
May 24, 7:11AM Street Insider
May 23, 5:48PM Street Insider
May 23, 5:44PM Street Insider
May 23, 4:59PM Street Insider
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May 23, 3:06PM Street Insider
May 23, 1:45PM Street Insider
May 23, 9:42AM Street Insider
May 22, 12:18PM Street Insider
May 21, 12:35PM Street Insider
May 21, 11:24AM Street Insider
May 21, 9:37AM Street Insider
May 21, 8:43AM Street Insider
May 18, 6:27AM Street Insider
May 17, 1:38PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HPQ | 22.80 | +0.47 | +2.10% | 44.15B |
| HPP | 16.20 | +0.15 | +0.93% | 545.70M |
| HPOL | 1.13 | -0.01 | -0.88% | 63.75M |
| HPJ | 0.98 | +0.00 | +0.00% | 13.31M |
| HP | 47.10 | +0.85 | +1.84% | 4.974B |
| HOV | 1.98 | +0.09 | +4.76% | 180.57M |
| HOTT | 9.96 | -0.04 | -0.40% | 420.80M |
| HOT | 54.75 | +1.37 | +2.57% | 10.52B |
| HOS | 36.35 | +1.52 | +4.36% | 1.219B |
| HNP | 25.11 | +0.61 | +2.49% | 7.384B |
