Merge Healthcare (MRGE)
Merge Healthcare Beta: 0.7641
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MRGE Beta Range, Past 5 Years
| Minimum | 0.093 | Jul 2008 |
| Maximum | 2.946 | Feb 2008 |
| Average | 1.002 |
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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MRGE News
about 7 days ago by markajor
May 23, 7:01AM GlobeNewswire
May 10, 11:37AM Street Insider
about 20 days ago by TradeBot
about 21 days ago by jpp10780
May 09, 7:02AM GlobeNewswire
May 01, 4:32PM Fox Business
May 01, 7:02AM GlobeNewswire
Apr 10, 7:02AM GlobeNewswire
about 56 days ago by TradeBot
Apr 04, 9:12AM Street Insider
about 57 days ago by Robustcap
about 57 days ago by Robustcap
about 57 days ago by stockdoctor
Apr 03, 1:01PM The Wall Street Journal
about 57 days ago by TradeBot
Mar 26, 7:03AM GlobeNewswire
about 84 days ago by chessNwine
Feb 21, 7:16AM GlobeNewswire
Feb 15, 5:37PM GlobeNewswire
about 108 days ago by waterburyresearch
about 182 days ago by MicroInsider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MRGE | 2.40 | -0.08 | -3.23% | 225.70M |
| MRF | 7.84 | -0.06 | -0.76% | |
| MNDO | 1.68 | -0.03 | -1.75% | 32.03M |
| MMYT | 13.61 | -0.64 | -4.49% | 525.11M |
| MMV | 15.00 | +0.00 | +0.03% | |
| MMT | 6.91 | -0.07 | -1.00% | |
| MMSI | 12.98 | -0.23 | -1.74% | 554.82M |
| MMS | 45.86 | -0.57 | -1.23% | 1.567B |
| MMR | 9.65 | -0.34 | -3.40% | 1.614B |
| MMP | 69.35 | -0.65 | -0.93% | 7.917B |
