MedAssets (MDAS)
MedAssets Beta: 0.829
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MDAS Beta Range, Past 5 Years
| Minimum | 0.5963 | Feb 2011 |
| Maximum | 0.829 | Apr 2012 |
| Average | 0.6753 |
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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MDAS News
May 29, 9:00AM Marketwire
May 23, 8:56AM Street Insider
about 22 days ago by earningscast
May 04, 8:31AM Business Wire
May 04, 8:30AM Business Wire
May 03, 1:05PM Street Insider
about 27 days ago by TradeBot
May 03, 8:30AM Business Wire
about 28 days ago by earningscast
Apr 18, 8:30AM Business Wire
about 43 days ago by marketfolly
about 44 days ago by Street_Insider
Apr 16, 3:22PM Street Insider
Apr 06, 9:40AM Business Wire
Apr 05, 11:02AM Street Insider
Apr 04, 8:31AM Business Wire
Mar 27, 8:30AM Business Wire
Mar 23, 1:46PM Business Wire
about 77 days ago by szaman
about 79 days ago by marketfolly
about 84 days ago by jamiemc101
Mar 01, 1:30PM Business Wire
about 94 days ago by szaman
Feb 24, 1:49PM Street Insider
about 97 days ago by Benzinga
about 106 days ago by GoofyGolfa
about 106 days ago by ivanhoff
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MDAS | 11.52 | -0.03 | -0.26% | 667.71M |
| MD | 62.28 | +0.29 | +0.47% | 3.044B |
| MCZ | 0.45 | +0.01 | +1.81% | 28.05M |
| MCY | 43.70 | +0.03 | +0.07% | 2.397B |
| MCS | 13.88 | +0.20 | +1.46% | 400.14M |
| MBLX | 1.98 | +0.08 | +4.21% | 64.87M |
| MBL | 14.32 | +0.00 | +0.00% | |
| MBI | 8.85 | +0.41 | +4.86% | 1.635B |
| MBG | 27.66 | +0.00 | +0.00% | |
| MBFI | 20.68 | +0.22 | +1.08% | 1.118B |
