Northwest Natural Gas Company (NWN)
Northwest Natural Gas Company Beta: 0.2873
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NWN Beta Range, Past 5 Years
| Minimum | 0.1953 | May 2007 |
| Maximum | 0.7753 | Apr 2008 |
| Average | 0.3589 |
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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NWN News
about 27 days ago by earningscast
May 04, 6:51AM Street Insider
Apr 11, 6:20AM Street Insider
Apr 10, 2:49PM Business Wire
Mar 01, 2:48PM Street Insider
Feb 28, 6:53AM Street Insider
Jan 18, 5:42PM Business Wire
Jan 11, 6:10AM Street Insider
Jan 09, 11:49AM Street Insider
Jan 03, 6:42AM Street Insider
Nov 04, 6:00AM Business Wire
about 219 days ago by DynamicDividend
about 239 days ago by DynamicDividend
about 243 days ago by DynamicDividend
about 541 days ago by howardlindzon
about 545 days ago by RomeoFayette
about 547 days ago by RomeoFayette
about 581 days ago by RomeoFayette
about 684 days ago by MDotinga
about 968 days ago by stocksinside
about 983 days ago by maoxian
about 1100 days ago by WallStSource
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NWN | 45.95 | -0.43 | -0.93% | 1.243B |
| NWLI | 126.82 | -2.23 | -1.73% | 468.45M |
| NWL | 18.49 | -0.54 | -2.84% | 5.488B |
| 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 | 2.06 | -0.05 | -2.37% | 68.11M |
| MXT | 1.15 | -0.03 | -2.54% | 40.67M |
| MXL | 4.24 | +0.02 | +0.47% | 93.56M |
| MXIM | 25.43 | -0.28 | -1.09% | 7.501B |