Powell Industries (POWL)
Powell Industries Beta: 1.009
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POWL Beta Range, Past 5 Years
| Minimum | 0.3136 | Aug 2007 |
| Maximum | 1.799 | Oct 2008 |
| Average | 1.000 |
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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POWL News
May 10, 8:47AM Street Insider
May 08, 7:45AM PR Newswire
May 01, 6:00AM PR Newswire
Feb 09, 10:34AM Benzinga
Feb 08, 7:45AM PR Newswire
Feb 07, 4:20PM Street Insider
about 114 days ago by Benzinga
Jan 31, 4:15PM PR Newswire
Jan 26, 8:06AM Benzinga
about 140 days ago by MarketBrief
about 141 days ago by MarketBrief
Dec 20, 2:05PM Business Wire
about 176 days ago by earningscast
Dec 06, 4:15PM PR Newswire
Nov 16, 3:52PM Business Wire
Nov 10, 1:53PM Business Wire
Nov 09, 4:38PM PR Newswire
Nov 09, 4:17PM Business Wire
Nov 08, 7:09PM Business Wire
about 205 days ago by Street_Insider
about 205 days ago by Benzinga
about 205 days ago by Street_Insider
about 303 days ago by Benzinga
about 304 days ago by txbondman
about 365 days ago by txbondman
about 451 days ago by jimvanmeerten
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| POWL | 36.78 | +0.01 | +0.03% | 432.05M |
| POWI | 40.76 | +0.13 | +0.32% | 1.149B |
| POT | 39.53 | +0.11 | +0.28% | 33.85B |
| POR | 25.15 | +0.09 | +0.36% | 1.889B |
| PJF | 25.55 | +0.02 | +0.08% | |
| PJC | 21.90 | +0.28 | +1.30% | 411.43M |
| PIZ | 17.00 | +0.05 | +0.29% | |
| PIV | 14.73 | -0.18 | -1.20% | |
| PIP | 1.21 | -0.05 | -3.97% | 60.93M |
| PIO | 16.06 | -0.03 | -0.19% |
