THE9 (NCTY)
THE9 Beta: 0.9561
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NCTY Beta Range, Past 5 Years
| Minimum | 0.4858 | Apr 2010 |
| Maximum | 2.595 | Dec 2007 |
| Average | 1.047 |
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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NCTY News
about 42 days ago by seagulls8
Apr 13, 10:43AM Seeking Alpha
about 56 days ago by seagulls8
about 57 days ago by seagulls8
Mar 21, 6:05PM Street Insider
Mar 21, 6:00PM PR Newswire
Mar 01, 5:30AM PR Newswire
about 161 days ago by borgwarner
about 167 days ago by borgwarner
about 167 days ago by borgwarner
about 168 days ago by theharper
about 168 days ago by StockSage1
about 177 days ago by ScottKesslerSPCIQ
about 178 days ago by Tradetard
about 180 days ago by ScottKesslerSPCIQ
about 180 days ago by ScottKesslerSPCIQ
about 180 days ago by theharper
about 180 days ago by theharper
about 182 days ago by Tradetard
Nov 28, 5:24AM FlyOnTheWall
Nov 28, 1:00AM PR Newswire
Oct 31, 9:22AM Wall St. Cheat Sheet
Sep 30, 3:15AM PR Newswire
Aug 23, 8:00PM Wall St. Cheat Sheet
Aug 16, 5:30PM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NCTY | 4.80 | +0.26 | +5.73% | 105.65M |
| NCT | 6.63 | -0.11 | -1.63% | 708.91M |
| NCS | 9.53 | -0.47 | -4.70% | 204.00M |
| NCO | 16.13 | -0.04 | -0.25% | |
| NCMI | 13.72 | -0.23 | -1.65% | 782.18M |
| MWIV | 93.77 | -0.63 | -0.67% | 1.201B |
| MWE | 49.15 | -1.89 | -3.70% | 5.196B |
| MW | 36.03 | -0.77 | -2.09% | 1.886B |
| MVV | 61.51 | -2.37 | -3.71% | |
| MVT | 17.04 | -0.04 | -0.23% |
