Harsco Corporation (HSC)
Harsco Corporation Beta: 1.674
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HSC Beta Range, Past 5 Years
| Minimum | 0.8469 | Sep 2007 |
| Maximum | 2.046 | Oct 2008 |
| Average | 1.562 |
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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HSC News
May 22, 9:58AM Benzinga
about 8 days ago by TraderHR
about 15 days ago by TradeBot
May 10, 8:28AM Street Insider
about 27 days ago by earningscast
Apr 25, 10:21AM GlobeNewswire
Apr 18, 11:40AM GlobeNewswire
Apr 11, 9:38AM GlobeNewswire
Apr 09, 2:14PM Street Insider
Apr 09, 9:54AM GlobeNewswire
Apr 04, 10:09AM GlobeNewswire
about 56 days ago by MarketBrief
about 57 days ago by MarketBrief
about 58 days ago by MarketBrief
about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 63 days ago by MarketBrief
about 64 days ago by MarketBrief
about 65 days ago by MarketBrief
about 67 days ago by MarketBrief
Mar 16, 10:55AM GlobeNewswire
about 81 days ago by buylowsellhigh3
about 95 days ago by TradeIdeasQuant
about 95 days ago by TradeBot
about 118 days ago by MarketBrief
about 123 days ago by TradeIdeasQuant
about 124 days ago by redman59
about 124 days ago by earningscast
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HSC | 20.78 | +0.48 | +2.36% | 1.635B |
| HGT | 6.70 | -0.14 | -2.05% | 273.60M |
| HGSI | 13.81 | +0.20 | +1.47% | 2.708B |
| HGSH | 0.70 | -0.08 | -10.26% | 31.54M |
| HGR | 22.05 | +0.69 | +3.23% | 727.09M |
| HGIC | 59.94 | +0.00 | +0.00% | 1.635B |
| HGI | 15.41 | +0.18 | +1.20% | |
| HGG | 11.09 | +0.22 | +2.02% | 404.80M |
| HGEM | 17.67 | +0.00 | +0.00% | |
| HFWA | 13.77 | +0.34 | +2.53% | 207.76M |
