Lexington Realty Trust (LXP)
Lexington Realty Trust Beta: 1.918
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LXP Beta Range, Past 5 Years
| Minimum | 0.1844 | May 2007 |
| Maximum | 2.121 | Dec 2009 |
| Average | 1.529 |
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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LXP News
May 29, 4:34PM Fox Business
May 25, 3:39PM Street Insider
about 27 days ago by earningscast
May 03, 7:51AM Street Insider
May 03, 7:30AM GlobeNewswire
May 01, 9:00AM GlobeNewswire
Apr 30, 4:15PM GlobeNewswire
about 35 days ago by BHSMITH
about 35 days ago by BHSMITH
Apr 13, 4:10PM GlobeNewswire
about 55 days ago by MarketBrief
Mar 20, 5:30PM GlobeNewswire
Mar 15, 4:44PM Street Insider
Mar 15, 4:39PM GlobeNewswire
about 85 days ago by StockTiger
about 85 days ago by StockTiger
about 85 days ago by StockTiger
about 97 days ago by earningscast
Feb 23, 7:45AM Street Insider
Jan 27, 8:30AM PR Newswire
Jan 18, 9:13AM PR Newswire
Dec 16, 8:31AM Street Insider
about 198 days ago by MarketBrief
about 234 days ago by Xiphos_Trading
about 302 days ago by Benzinga
about 345 days ago by covestor
about 401 days ago by chessNwine
about 410 days ago by Skibbs
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LXP | 8.30 | -0.09 | -1.07% | 1.290B |
| LSTR | 54.12 | +0.51 | +0.95% | 2.528B |
| LSI | 6.85 | -0.05 | -0.72% | 3.882B |
| LSG | 0.8744 | -0.02 | -1.75% | 358.71M |
| LSCC | 4.55 | +0.03 | +0.66% | 538.81M |
| LSBK | 9.23 | -0.77 | -7.70% | 54.83M |
| LOOP | 19.17 | +0.00 | +0.00% | 675.55M |
| LOOK | 0.80 | +0.02 | +2.58% | 13.83M |
| LONG | 13.96 | -0.02 | -0.14% | 471.85M |
| LON | 1.159 | -0.00 | -0.03% |
