Hutchinson Technology (HTCH)
Hutchinson Technology Beta: 2.363
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HTCH Beta Range, Past 5 Years
| Minimum | -0.1838 | Dec 2007 |
| Maximum | 2.902 | Jan 2010 |
| Average | 1.907 |
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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HTCH News
about 28 days ago by ericjones12398
about 29 days ago by RecogniaEvents
about 31 days ago by ericjones12398
Apr 24, 8:27PM Seeking Alpha
Apr 16, 5:10PM GlobeNewswire
Apr 12, 10:02AM Benzinga
Apr 03, 2:24PM Street Insider
Mar 28, 4:43PM Benzinga
Mar 12, 8:24AM Street Insider
Mar 12, 8:21AM Benzinga
about 84 days ago by RecogniaEvents
Mar 06, 5:47PM GlobeNewswire
about 97 days ago by TradeIdeasQuant
about 97 days ago by TradeIdeasQuant
Feb 21, 12:30PM Wall Street Transcript
about 114 days ago by TradeIdeasQuant
Jan 25, 8:26AM Street Insider
Jan 24, 7:47PM Seeking Alpha
Jan 13, 4:01PM GlobeNewswire
Jan 13, 7:04AM Street Insider
about 159 days ago by MarketBrief
about 162 days ago by MarketBrief
about 163 days ago by MarketBrief
about 165 days ago by MarketBrief
about 166 days ago by MarketBrief
about 167 days ago by MarketBrief
about 168 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HTCH | 2.08 | -0.05 | -2.35% | 49.88M |
| HTBK | 6.12 | +0.01 | +0.16% | 160.63M |
| HSY | 67.72 | +0.00 | +0.00% | 15.27B |
| HSTM | 21.76 | -0.19 | -0.87% | 570.92M |
| HST | 15.53 | +0.38 | +2.51% | 10.72B |
| HSP | 32.61 | +0.23 | +0.71% | 5.342B |
| HSOL | 0.90 | -0.05 | -5.26% | 79.75M |
| HSNI | 39.67 | +0.43 | +1.10% | 2.272B |
| HOS | 36.31 | +1.48 | +4.25% | 1.219B |
| HOOK | 8.19 | -0.06 | -0.73% | 154.30M |
