Itron (ITRI)
Itron Beta: 1.620
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ITRI Beta Range, Past 5 Years
| Minimum | 0.4965 | Jul 2007 |
| Maximum | 2.014 | Nov 2007 |
| Average | 1.484 |
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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ITRI News
about 11 hours ago by abubnic
May 22, 5:05PM Street Insider
May 22, 5:00PM Business Wire
May 21, 9:00AM Marketwire
May 17, 3:18PM Street Insider
May 14, 8:49AM Business Wire
May 07, 8:45AM PR Newswire
May 01, 4:00PM Business Wire
Apr 26, 8:35AM Street Insider
about 35 days ago by traderstewie
about 35 days ago by earningscast
Apr 24, 10:13AM Street Insider
Apr 04, 8:45AM Benzinga
about 68 days ago by TheInformedTrader
Mar 22, 9:00AM Business Wire
Mar 16, 12:39PM theflyonthewall.com
about 75 days ago by MarketBrief
Mar 12, 8:34AM Street Insider
about 83 days ago by RecogniaEvents
about 104 days ago by traderclubtirol
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ITRI | 35.43 | -1.19 | -3.25% | 1.463B |
| ITR | 33.93 | +0.11 | +0.33% | |
| ITMN | 10.26 | -0.84 | -7.57% | 725.16M |
| ITIC | 51.02 | +0.83 | +1.65% | 105.40M |
| ITI | 1.41 | -0.04 | -2.76% | 48.31M |
| ITC | 68.99 | -0.07 | -0.10% | 3.546B |
| ITA | 62.31 | +0.62 | +1.00% | |
| IT | 40.96 | -0.15 | -0.36% | 3.838B |
| ISTA | 9.095 | -0.01 | -0.05% | 380.11M |
| IST | 20.56 | -0.20 | -0.96% |
