Communications Systems (JCS)
Communications Systems Beta: 0.8827
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JCS Beta Range, Past 5 Years
| Minimum | 0.258 | May 2007 |
| Maximum | 1.034 | Oct 2008 |
| Average | 0.7442 |
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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JCS News
May 22, 4:37PM Street Insider
about 20 days ago by rwchristensen
May 09, 12:26PM Marketwire
about 49 days ago by RecogniaEvents
about 50 days ago by MarketBrief
about 78 days ago by DynamicDividend
Mar 12, 4:28PM Street Insider
Mar 12, 4:18PM Benzinga
Mar 12, 2:26PM Marketwire
about 167 days ago by DynamicDividend
Dec 01, 4:15PM Street Insider
Nov 07, 9:00AM Marketwire
Sep 22, 11:40AM Marketwire
Sep 21, 3:00PM PR Newswire
about 302 days ago by Ajtandon1
about 306 days ago by ycharts
about 355 days ago by DynamicDividend
about 446 days ago by DynamicDividend
about 501 days ago by moteltan
about 557 days ago by goodlett
about 1272 days ago by JackRyanBauer
about 1308 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JCS | 10.94 | -0.01 | -0.09% | 92.75M |
| JCP | 28.01 | -0.07 | -0.25% | 6.130B |
| JCOM | 24.56 | +0.25 | +1.03% | 1.172B |
| JCI | 31.26 | +0.72 | +2.36% | 20.79B |
| JCDA | 1.50 | +0.00 | +0.00% | 6.24M |
| JBT | 14.30 | +0.21 | +1.49% | 407.62M |
| JBSS | 14.68 | +0.59 | +4.19% | 150.90M |
| JBLU | 4.72 | -0.03 | -0.63% | 1.340B |
| HR | 22.13 | +0.48 | +2.22% | 1.687B |
| HQL | 14.30 | +0.28 | +2.00% |
