Omnicell (OMCL)
Omnicell Beta: 0.9392
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OMCL Beta Range, Past 5 Years
| Minimum | 0.0293 | Jul 2008 |
| Maximum | 2.460 | Feb 2008 |
| Average | 0.9856 |
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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OMCL News
May 23, 8:56AM Street Insider
May 03, 2:12PM Street Insider
about 28 days ago by earningscast
Apr 25, 8:00AM PR Newswire
Mar 10, 11:00PM PR Newswire
Feb 28, 4:30PM PR Newswire
Feb 16, 8:00AM PR Newswire
Jan 27, 1:39PM Street Insider
about 171 days ago by MichaelKudrna
about 216 days ago by Benzinga
about 307 days ago by Benzinga
about 308 days ago by ralexco
about 314 days ago by hertcapital
about 591 days ago by 1nvestor
about 594 days ago by optionsfanatic
about 594 days ago by optionsfanatic
about 595 days ago by OptionRadar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OMCL | 13.28 | -0.28 | -2.06% | 454.12M |
| NWY | 3.54 | +0.00 | +0.00% | 219.23M |
| NWSA | 19.40 | -0.29 | -1.47% | 32.99B |
| NWS | 19.59 | -0.31 | -1.56% | 50.16B |
| NWPX | 21.01 | -0.89 | -4.06% | 204.76M |
| NWN | 45.93 | -0.45 | -0.97% | 1.243B |
| NWLI | 126.82 | -2.23 | -1.73% | 468.45M |
| NWL | 18.49 | -0.54 | -2.84% | 5.488B |
| NWK | 1.10 | -0.15 | -12.00% | 38.14M |
| NWE | 35.06 | -0.23 | -0.65% | 1.283B |
