Orion Energy Systems (OESX)
Orion Energy Systems Beta: 1.369
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OESX Beta Range, Past 5 Years
| Minimum | 1.335 | Jun 2011 |
| Maximum | 1.421 | Feb 2012 |
| Average | 1.373 |
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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OESX News
May 17, 7:45AM Marketwire
May 15, 3:32PM Marketwire
Apr 27, 4:43PM Business Wire
about 48 days ago by Val_U_Investor
Mar 30, 4:10PM Business Wire
Mar 05, 12:04PM Business Wire
about 98 days ago by Val_U_Investor
Feb 23, 4:25PM Street Insider
Feb 23, 4:10PM Business Wire
about 110 days ago by MarketBrief
Feb 09, 6:13PM Business Wire
Feb 02, 5:30PM Street Insider
about 119 days ago by Val_U_Investor
about 128 days ago by Val_U_Investor
Jan 19, 2:05PM Business Wire
about 140 days ago by Val_U_Investor
about 140 days ago by Val_U_Investor
Dec 21, 8:11AM Street Insider
about 181 days ago by 19thstreet
Dec 02, 2:35PM Benzinga
Nov 23, 5:32PM Business Wire
Nov 15, 7:19PM Business Wire
Nov 03, 9:41AM Street Insider
about 226 days ago by BullTard
about 226 days ago by BullTard
about 259 days ago by BullTard
about 301 days ago by NJHounds
about 337 days ago by SkyHigh
about 372 days ago by StockTwitsTV
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OESX | 2.14 | +0.07 | +3.38% | 47.63M |
| OEH | 8.20 | -0.30 | -3.53% | 872.86M |
| ODP | 2.18 | -0.04 | -1.80% | 623.51M |
| ODFL | 43.36 | -1.31 | -2.93% | 2.566B |
| ODC | 19.86 | -0.46 | -2.26% | 104.04M |
| OCZ | 4.58 | -0.33 | -6.72% | 322.88M |
| OCR | 31.99 | -0.46 | -1.42% | 3.687B |
| OCN | 16.06 | -0.03 | -0.19% | 2.092B |
| OCLS | 0.7309 | -0.03 | -3.83% | 22.06M |
| OCLRD | 2.51 | -0.13 | -4.92% |
