Pegasystems (PEGA)
Pegasystems Beta: 1.11
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PEGA Beta Range, Past 5 Years
| Minimum | 0.632 | Feb 2009 |
| Maximum | 3.496 | Oct 2007 |
| Average | 1.428 |
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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PEGA News
May 31, 9:01AM Marketwire
May 23, 9:00AM Marketwire
May 07, 9:00AM Marketwire
May 04, 10:33AM Street Insider
about 27 days ago by TradeIdeasQuant
about 27 days ago by TradeIdeasQuant
about 28 days ago by earningscast
May 03, 4:30PM Marketwire
about 29 days ago by RecogniaEvents
about 31 days ago by RecogniaEvents
about 37 days ago by RecogniaEvents
Apr 12, 10:30AM Marketwire
about 59 days ago by MarketBrief
Mar 16, 4:19PM Street Insider
Mar 12, 9:00AM Marketwire
about 84 days ago by Billybob_TX
Mar 07, 9:00AM Marketwire
about 86 days ago by Contrarius
about 87 days ago by eragmus
about 87 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
about 90 days ago by eragmus
Mar 01, 9:46AM Street Insider
Feb 29, 4:31PM Street Insider
Feb 28, 9:30AM Marketwire
Feb 27, 4:30PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PEGA | 31.05 | -0.30 | -0.96% | 1.185B |
| PBNY | 7.68 | -0.04 | -0.52% | 292.51M |
| PBM | 12.85 | +0.10 | +0.78% | 156.64M |
| PBJ | 19.70 | -0.04 | -0.20% | |
| PBIP | 5.26 | +0.00 | +0.00% | 52.71M |
| PBIB | 1.60 | -0.05 | -3.03% | 19.50M |
| PBI | 13.63 | +0.21 | +1.56% | 2.687B |
| PBH | 13.72 | -0.01 | -0.07% | 692.40M |
| PBCT | 11.63 | +0.02 | +0.17% | 4.163B |
| PB | 42.69 | +0.22 | +0.52% | 2.006B |
