Matrix Service Company (MTRX)
Matrix Service Company Beta: 1.733
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MTRX Beta Range, Past 5 Years
| Minimum | 1.445 | Sep 2010 |
| Maximum | 3.618 | Dec 2007 |
| Average | 2.149 |
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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MTRX News
May 08, 4:10PM Seeking Alpha
May 07, 5:03PM Street Insider
Apr 30, 3:16PM GlobeNewswire
about 38 days ago by TraderFoxxx
about 66 days ago by TraderFoxxx
Feb 23, 4:42AM Benzinga
Feb 09, 3:00PM Seeking Alpha
Jan 12, 5:18PM PR Newswire
Nov 02, 6:04PM FlyOnTheWall
Nov 02, 6:00PM PR Newswire
Oct 27, 6:13PM PR Newswire
about 232 days ago by MarketBrief
about 266 days ago by lamonicabuzz
about 391 days ago by micstockwell
about 467 days ago by OptionRadar
about 469 days ago by TonyWiltshire
about 469 days ago by OptionRadar
about 611 days ago by Trending123
about 611 days ago by Street_Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MTRX | 10.65 | -0.17 | -1.57% | 273.92M |
| MTRN | 22.73 | -0.79 | -3.36% | 463.92M |
| MTR | 27.98 | -1.49 | -5.06% | 52.04M |
| MTOX | 19.29 | -0.69 | -3.45% | 172.45M |
| MTOR | 5.41 | -0.29 | -5.09% | 511.89M |
| MTN | 43.16 | -0.72 | -1.64% | 1.554B |
| MTL | 5.52 | -0.28 | -4.83% | 2.298B |
| MTG | 2.48 | -0.10 | -3.88% | 501.03M |
| MTEX | 5.190 | +0.69 | +15.33% | 13.75M |
| MTE | 0.77 | +0.01 | +1.30% | 242.55M |
