Idera Pharmaceuticals (IDRA)
Idera Pharmaceuticals Beta: 1.827
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IDRA Beta Range, Past 5 Years
| Minimum | 1.476 | Apr 2011 |
| Maximum | 1.827 | Apr 2012 |
| Average | 1.600 |
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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IDRA News
May 09, 7:49AM Street Insider
May 07, 7:00AM Business Wire
May 01, 8:00AM Business Wire
Mar 29, 8:30AM Business Wire
about 63 days ago by LTbioinvestor
Mar 14, 8:30AM Business Wire
Feb 28, 9:05AM Business Wire
Feb 27, 9:05AM Business Wire
Feb 17, 9:05AM Business Wire
about 106 days ago by illinijill
about 107 days ago by LTbioinvestor
Feb 06, 10:23AM Business Wire
Dec 13, 4:20PM theflyonthewall.com
Dec 09, 4:16PM theflyonthewall.com
Dec 01, 8:40AM Street Insider
Dec 01, 8:37AM FlyOnTheWall
Nov 30, 8:33AM Benzinga
Nov 15, 8:45AM Street Insider
about 260 days ago by pumpndumphunter
about 314 days ago by Benzinga
about 314 days ago by Street_Insider
about 328 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IDRA | 1.00 | -0.02 | -1.96% | 27.64M |
| IDN | 1.64 | -0.09 | -5.07% | 47.44M |
| IDIX | 9.41 | -0.27 | -2.79% | 1.041B |
| IDI | 1.85 | -0.03 | -1.60% | 38.59M |
| IDCC | 25.28 | +0.14 | +0.56% | 1.134B |
| IDA | 39.30 | +0.17 | +0.43% | 1.955B |
| ICUI | 52.22 | +0.21 | +0.40% | 722.94M |
| ICS | 15.36 | +0.07 | +0.46% | |
| ICON | 15.86 | +0.38 | +2.45% | 1.123B |
| ICLR | 21.90 | -0.03 | -0.14% | 1.319B |
