iShares Russell 1000 Growth Index Fund (IWF)
iShares Russell 1000 Growth Index Fund Beta: 0.9924
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IWF Beta Range, Past 5 Years
| Minimum | 0.9509 | May 2007 |
| Maximum | 1.060 | Dec 2008 |
| Average | 0.9935 |
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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IWF News
about 39 days ago by bradloncar
about 71 days ago by Global_Macro
about 153 days ago by MorpheusTrading
about 183 days ago by Kynikos
about 183 days ago by MarketPanic
Nov 28, 10:47AM Seeking Alpha
about 205 days ago by MorpheusTrading
about 283 days ago by howardlindzon
about 293 days ago by Fast_Trades
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IWF | 62.40 | -0.58 | -0.92% | |
| IWD | 65.74 | -0.65 | -0.98% | |
| IVZ | 21.68 | -0.28 | -1.28% | 9.798B |
| IVW | 71.80 | -0.62 | -0.86% | |
| IVV | 132.85 | -1.30 | -0.97% | |
| IVR | 18.36 | +0.18 | +0.99% | 2.119B |
| IVN | 9.68 | -0.16 | -1.63% | 7.293B |
| IVE | 60.23 | -0.58 | -0.96% | |
| MFC | 10.90 | -0.25 | -2.24% | 20.08B |
| MFB | 19.80 | -0.38 | -1.88% | 474.63M |
