NICE - Systems (NICE)
NICE - Systems Beta: 1.150
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NICE Beta Range, Past 5 Years
| Minimum | 0.967 | May 2010 |
| Maximum | 1.944 | Jul 2008 |
| Average | 1.287 |
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.
Learn More
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NICE News
May 22, 7:00AM PR Newswire
May 14, 7:00AM PR Newswire
May 11, 8:10AM Street Insider
about 21 days ago by CatalystIR
May 09, 7:07AM Street Insider
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
about 23 days ago by abubnic
May 02, 7:00AM PR Newswire
Apr 30, 7:20AM PR Newswire
about 55 days ago by MercenaryNate
about 55 days ago by MercenaryNate
Mar 28, 7:00AM PR Newswire
about 70 days ago by freeswingtrades
Mar 20, 7:00AM PR Newswire
Feb 15, 6:56AM Street Insider
about 132 days ago by chessNwine
about 178 days ago by blenderking
Dec 02, 6:52AM Street Insider
about 203 days ago by stuffandstuff
about 263 days ago by HistorySquared
about 301 days ago by traderwarren
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NICE | 37.05 | -0.65 | -1.72% | 2.330B |
| NETC | 13.06 | -0.20 | -1.51% | 1.518B |
| NEPT | 3.80 | +0.00 | +0.00% | 183.46M |
| NEP | 3.11 | +0.00 | +0.00% | 110.28M |
| NEOG | 38.47 | -0.09 | -0.23% | 907.32M |
| NEN | 27.00 | +0.00 | +0.00% | 85.32M |
| NEM | 47.85 | -0.33 | -0.68% | 23.62B |
| NEI | 0.80 | +0.01 | +1.27% | 33.61M |
| NEE | 65.15 | -0.49 | -0.75% | 27.32B |
| NEBS | 9.78 | -0.71 | -6.77% | 63.99M |
