Mines Management (MGN)
Mines Management Beta: 1.263
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MGN Beta Range, Past 5 Years
| Minimum | -3.776 | Aug 2007 |
| Maximum | 1.936 | Oct 2008 |
| Average | 0.5194 |
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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MGN News
May 25, 2:14PM Thomson Reuters ONE
May 25, 9:02AM Thomson Reuters ONE
about 31 days ago by MarketBrief
Apr 10, 9:04AM Thomson Reuters ONE
Jan 10, 9:03AM Thomson Reuters ONE
Dec 19, 6:35PM Thomson Reuters ONE
about 167 days ago by TradeIdeasQuant
about 167 days ago by TradeIdeasQuant
about 171 days ago by TradeIdeasQuant
about 177 days ago by InvestorWisdom
about 177 days ago by InvestorWisdom
about 196 days ago by TradeIdeasQuant
Sep 27, 9:02AM FlyOnTheWall
Sep 27, 9:00AM Business Wire
Sep 12, 9:00AM Business Wire
about 268 days ago by szaman
about 302 days ago by exkapie
about 303 days ago by exkapie
Jul 18, 10:26AM PR Newswire
about 335 days ago by SharePlanner
Jun 28, 1:29PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MGN | 1.408 | +0.01 | +0.57% | 40.47M |
| MGM | 10.92 | -0.25 | -2.24% | 5.338B |
| MGLN | 41.83 | -0.55 | -1.30% | 1.137B |
| MGK | 51.97 | -0.65 | -1.23% | |
| MGIC | 5.78 | +0.06 | +1.05% | 219.29M |
| MGI | 13.90 | -0.30 | -2.11% | 803.98M |
| MEAD | 3.54 | +0.00 | +0.00% | 4.354M |
| MEA | 2.57 | -0.12 | -4.46% | 122.18M |
| MDY | 169.01 | -3.44 | -1.99% | |
| MDW | 1.21 | -0.01 | -0.82% | 137.93M |
