MIND C.T.I (MNDO)
MIND C.T.I Beta: 1.475
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MNDO Beta Range, Past 5 Years
| Minimum | 0.8646 | Dec 2008 |
| Maximum | 3.357 | Mar 2008 |
| Average | 1.768 |
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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MNDO News
Mar 01, 12:19PM Seeking Alpha
Feb 29, 11:27AM Marketwire
about 351 days ago by MagicDiligence
about 392 days ago by MagicDiligence
about 417 days ago by WorstTraderEver
Apr 07, 3:27PM SmallCapInvestor.com
about 428 days ago by MagicDiligence
about 470 days ago by MagicDiligence
about 485 days ago by MagicDiligence
about 527 days ago by stt2318
about 674 days ago by Zignals
about 808 days ago by Urbane_Gorilla
about 993 days ago by Benzinga
about 993 days ago by datajunkies
about 993 days ago by datajunkies
about 994 days ago by datajunkies
about 994 days ago by datajunkies
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MNDO | 1.70 | -0.01 | -0.58% | 31.84M |
| MKTX | 32.33 | -0.11 | -0.34% | 1.164B |
| MKTG | 10.34 | -0.01 | -0.10% | 490.53M |
| MKTAY | 33.29 | -0.83 | -2.43% | 4.549B |
| MKSI | 26.17 | -0.26 | -0.98% | 1.375B |
| MKL | 434.25 | -1.00 | -0.23% | 4.191B |
| MKC | 56.57 | -0.77 | -1.34% | 7.501B |
| MJN | 81.65 | -1.81 | -2.17% | 16.63B |
| MITL | 3.91 | -0.11 | -2.74% | 209.58M |
| MIPS | 6.56 | -0.07 | -1.06% | 348.34M |