Modine Manufacturing Company (MOD)
Modine Manufacturing Company Beta: 3.517
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MOD Beta Range, Past 5 Years
| Minimum | 1.185 | Jul 2007 |
| Maximum | 4.142 | Jul 2009 |
| Average | 3.120 |
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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MOD News
about 79 days ago by StockTwits
about 83 days ago by FreshKapital
about 118 days ago by earningscast
about 118 days ago by Benzinga
Feb 03, 8:21AM Business Wire
Feb 02, 3:15PM Benzinga
Jan 17, 12:18PM Business Wire
Oct 27, 3:55PM Business Wire
Oct 27, 8:23AM FlyOnTheWall
Oct 27, 8:22AM FlyOnTheWall
Oct 27, 8:20AM Business Wire
Oct 20, 3:52PM Street Insider
Oct 20, 3:50PM Business Wire
Oct 13, 3:33PM Business Wire
about 454 days ago by Johnny905
about 477 days ago by StockTiger
about 485 days ago by lasertrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MOD | 6.55 | -0.13 | -1.95% | 312.16M |
| MOCO | 15.75 | +0.24 | +1.55% | 86.15M |
| MOC | 1.07 | -0.02 | -1.83% | 11.71M |
| PCBK | 9.13 | -0.12 | -1.30% | 170.48M |
| PCBC | 45.68 | +0.13 | +0.29% | 1.500B |
| PCAR | 37.84 | -1.22 | -3.11% | 13.93B |
| PCA | 12.56 | +0.02 | +0.13% | |
| PC | 6.45 | -0.26 | -3.87% | 15.52B |
| PBY | 8.89 | -2.20 | -19.84% | 585.00M |
| NVAX | 1.235 | -0.04 | -3.52% | 155.61M |
