Lannett Company (LCI)
Lannett Company Beta: 0.5009
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LCI Beta Range, Past 5 Years
| Minimum | 0.1944 | Oct 2008 |
| Maximum | 2.427 | Nov 2007 |
| Average | 0.9533 |
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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LCI News
about 19 days ago by RecogniaEvents
May 02, 8:05AM Business Wire
about 35 days ago by RecogniaEvents
Mar 06, 8:55AM Business Wire
about 117 days ago by silverjet2
Jan 31, 8:12AM Street Insider
Jan 31, 8:05AM Benzinga
Jan 30, 3:47PM Business Wire
about 121 days ago by silverjet2
Jan 30, 8:16AM Street Insider
about 124 days ago by silverjet2
Jan 04, 11:40AM Benzinga
about 167 days ago by MarketBrief
Dec 12, 2:46PM theflyonthewall.com
Dec 12, 2:44PM Benzinga
Dec 07, 8:00AM Business Wire
Nov 10, 11:20AM Business Wire
Oct 27, 12:24PM Business Wire
Oct 24, 1:40PM Street Insider
Oct 24, 1:36PM FlyOnTheWall
Oct 24, 1:36PM Benzinga
about 246 days ago by Street_Insider
about 261 days ago by MicroInsider
about 317 days ago by CollegeStockTrader
about 338 days ago by msgtretusaf
about 341 days ago by BreakoutTheory
about 341 days ago by TylerTrimbath
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LCI | 4.09 | +0.01 | +0.25% | 115.71M |
| LCC | 12.66 | +0.04 | +0.28% | 2.046B |
| JPM | 33.15 | -0.48 | -1.43% | 128.38B |
| JPG | 12.77 | -0.07 | -0.55% | |
| JOY | 59.10 | -3.22 | -5.17% | 6.675B |
| JOUT | 18.15 | -0.13 | -0.71% | 180.42M |
| JOSB | 44.62 | -3.17 | -6.63% | 1.330B |
| JOEZ | 1.04 | -0.03 | -2.80% | 69.43M |
| JOE | 16.53 | -0.41 | -2.42% | 1.563B |
| JOBS | 46.11 | -1.09 | -2.31% | 1.337B |
