Network Equipment Technologies (NWK)
Network Equipment Technologies Beta: 1.212
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NWK Beta Range, Past 5 Years
| Minimum | 1.087 | Feb 2009 |
| Maximum | 2.867 | Feb 2008 |
| Average | 1.549 |
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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NWK News
May 09, 10:19PM Seeking Alpha
May 09, 4:21PM Street Insider
May 09, 4:00PM Marketwire
May 08, 8:15AM Marketwire
May 04, 12:32PM Business Wire
Apr 18, 8:15AM Marketwire
about 56 days ago by trending123
Mar 30, 6:45AM Street Insider
Mar 26, 8:17AM Benzinga
Mar 26, 8:15AM Marketwire
Mar 05, 8:30AM Marketwire
Feb 27, 8:30AM Marketwire
Feb 27, 8:15AM Marketwire
about 107 days ago by igloo
Feb 10, 8:15AM Marketwire
Feb 01, 11:28PM Seeking Alpha
Feb 01, 4:33PM Marketwire
Jan 25, 8:00AM Business Wire
Jan 23, 8:20AM Marketwire
Jan 05, 6:05PM Street Insider
about 146 days ago by Street_Insider
Dec 20, 8:15AM Marketwire
about 168 days ago by Street_Insider
Dec 07, 8:36PM Marketwire
about 937 days ago by JustAGuess
about 943 days ago by Progadelic
about 1016 days ago by harryboxer
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NWK | 1.15 | -0.10 | -8.00% | 38.14M |
| NWE | 35.06 | -0.23 | -0.65% | 1.283B |
| NWBI | 11.55 | -0.23 | -1.95% | 1.149B |
| NVTL | 2.07 | -0.04 | -1.90% | 68.11M |
| MXT | 1.18 | +0.00 | +0.00% | 40.67M |
| MXL | 4.28 | +0.06 | +1.42% | 93.56M |
| MXIM | 25.43 | -0.28 | -1.09% | 7.501B |
| MXI | 54.26 | -1.39 | -2.51% | |
| MXF | 22.46 | -0.26 | -1.14% | |
| MXC | 6.45 | +0.55 | +9.32% | 13.09M |
