Nova Measuring Instruments (NVMI)
Nova Measuring Instruments Beta: 1.945
View NVMI Beta with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
NVMI Beta Range, Past 5 Years
| Minimum | -0.0474 | Jun 2008 |
| Maximum | 1.945 | Apr 2012 |
| Average | 1.077 |
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
You may also be interested in these NVMI related companies
NVMI News
about 15 days ago by RecogniaEvents
May 15, 7:30AM Street Insider
May 14, 4:30AM PR Newswire
May 02, 12:51PM Seeking Alpha
May 02, 6:49AM Street Insider
about 30 days ago by RecogniaEvents
Apr 19, 3:26AM Benzinga
Apr 04, 4:30AM PR Newswire
about 58 days ago by PostNineSix
Mar 29, 3:09AM PR Newswire
Mar 13, 11:02AM PR Newswire
Mar 13, 7:42AM Street Insider
Feb 27, 8:27AM PR Newswire
Feb 15, 3:07PM Seeking Alpha
Feb 15, 6:46AM Street Insider
about 106 days ago by szaman
about 262 days ago by harmongreg
about 263 days ago by harmongreg
about 322 days ago by wakeboarder26
about 328 days ago by DarvasTrader
about 330 days ago by ChartSwingTrade
about 378 days ago by stMikeL
about 379 days ago by hertcapital
about 379 days ago by hertcapital
about 382 days ago by harmongreg
about 384 days ago by DarvasTrader
about 384 days ago by judy27
about 384 days ago by DarvasTrader
about 384 days ago by judy27
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NVMI | 7.00 | +0.00 | +0.00% | 183.89M |
| NVLS | 42.29 | -1.21 | -2.78% | 3.080B |
| NVJ | 15.54 | -0.05 | -0.30% | |
| NVEC | 51.74 | -1.01 | -1.91% | 254.26M |
| NVE | 17.09 | -0.16 | -0.93% | 4.071B |
| NVDA | 12.54 | -0.18 | -1.42% | 7.857B |
| NVAX | 1.235 | -0.04 | -3.52% | 155.61M |
| NPK | 66.07 | -0.36 | -0.54% | 457.04M |
| NPF | 15.05 | -0.01 | -0.07% | |
| NPD | 2.62 | -0.17 | -6.09% | 287.73M |
