JMP Group (JMP)
JMP Group Beta: 1.158
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JMP Beta Range, Past 5 Years
| Minimum | 0.9285 | May 2010 |
| Maximum | 1.185 | Oct 2011 |
| Average | 1.065 |
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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JMP News
about 5 days ago by MCilderman
about 20 days ago by jjshaka
about 29 days ago by DynamicDividend
May 01, 4:47PM Street Insider
about 35 days ago by earningscast
Apr 19, 4:15PM Business Wire
about 43 days ago by WannaTrade1
about 65 days ago by newschina
about 68 days ago by RecogniaEvents
Feb 23, 10:02AM Street Insider
about 105 days ago by earningscast
Feb 15, 8:00AM Business Wire
about 107 days ago by bradloncar
about 116 days ago by jricky
Nov 02, 9:10AM Street Insider
about 210 days ago by Benzinga
about 292 days ago by RaviRomo
about 301 days ago by DynamicDividend
about 392 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| JMP | 5.87 | -0.05 | -0.84% | 130.60M |
| JMBA | 1.895 | -0.04 | -1.81% | 129.87M |
| JLS | 23.84 | -0.10 | -0.42% | |
| JLL | 72.17 | -2.07 | -2.79% | 3.239B |
| JKS | 3.91 | +0.01 | +0.26% | 87.20M |
| JKJ | 87.61 | -1.27 | -1.43% | |
| ISCA | 23.90 | -0.09 | -0.38% | 1.110B |
| ISBC | 14.76 | -0.24 | -1.60% | 1.672B |
| IRV | 21.82 | +0.45 | +2.11% | |
| IRS | 6.95 | -0.25 | -3.47% | 416.66M |
