Lexicon Pharmaceuticals (LXRX)
Lexicon Pharmaceuticals Beta: 1.679
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LXRX Beta Range, Past 5 Years
| Minimum | 0.6252 | May 2007 |
| Maximum | 2.077 | Feb 2008 |
| Average | 1.398 |
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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LXRX News
about 13 days ago by RecogniaEvents
May 03, 7:00PM Seeking Alpha
about 27 days ago by earningscast
May 03, 7:03AM Benzinga
May 03, 6:00AM PR Newswire
Mar 27, 6:00PM PR Newswire
Mar 20, 6:00PM PR Newswire
about 75 days ago by MarketBrief
Feb 29, 6:00PM PR Newswire
Feb 22, 5:10PM Seeking Alpha
Feb 16, 6:31PM PR Newswire
about 105 days ago by hedgeflight
about 105 days ago by hedgeflight
about 105 days ago by hedgeflight
Feb 07, 6:00PM PR Newswire
Jan 11, 8:42PM Seeking Alpha
about 140 days ago by stt2318
Jan 09, 4:41PM Street Insider
Jan 09, 4:30PM Benzinga
Jan 04, 6:00PM PR Newswire
Dec 23, 8:31AM Street Insider
Dec 12, 11:43AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LXRX | 1.61 | +0.01 | +0.62% | 773.70M |
| 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 |
