Hill-Rom (HRC)
Hill-Rom Beta: 1.232
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HRC Beta Range, Past 5 Years
| Minimum | 0.0996 | Apr 2008 |
| Maximum | 1.378 | May 2010 |
| Average | 0.9600 |
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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HRC News
May 16, 3:31PM Seeking Alpha
about 20 days ago by earningscast
May 03, 9:00AM PR Newswire
May 02, 5:10PM Street Insider
Apr 27, 2:00PM PR Newswire
Apr 26, 11:18AM Seeking Alpha
Apr 25, 5:00PM PR Newswire
Apr 04, 8:00AM PR Newswire
Mar 26, 8:13AM Street Insider
about 67 days ago by TradeIdeasQuant
Mar 19, 8:08AM Street Insider
Mar 06, 8:06AM Street Insider
Feb 28, 4:45PM Seeking Alpha
about 140 days ago by stockgut
about 165 days ago by Benzinga
about 303 days ago by 1nvestor
about 307 days ago by Benzinga
about 330 days ago by howardlindzon
about 330 days ago by Kenshreve
about 342 days ago by CommAveTrader
about 356 days ago by StockTwits50
about 358 days ago by StockTiger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HRC | 30.30 | +0.77 | +2.61% | 1.828B |
| HR | 22.14 | +0.48 | +2.24% | 1.687B |
| HITT | 50.74 | +0.67 | +1.34% | 1.575B |
| HITK | 29.28 | -0.28 | -0.95% | 383.98M |
| HIMX | 2.02 | -0.02 | -0.98% | 356.27M |
| HILL | 1.205 | +0.03 | +2.12% | 68.29M |
| HIL | 2.98 | -0.01 | -0.33% | 115.12M |
| HIHO | 1.48 | -0.04 | -2.68% | 5.594M |
| HIH | 8.60 | +0.05 | +0.58% | |
| HIG | 17.72 | +0.39 | +2.25% | 7.629B |
