Paragon Shipping (PRGN)
Paragon Shipping Beta: 2.145
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PRGN Beta Range, Past 5 Years
| Minimum | 1.767 | Mar 2011 |
| Maximum | 2.145 | Apr 2012 |
| Average | 1.902 |
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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PRGN News
May 22, 11:00AM Benzinga
May 22, 10:04AM Street Insider
Apr 30, 8:31AM PR Newswire
about 55 days ago by TraderMichigan
Mar 12, 8:20AM Marketwire
about 88 days ago by GemsBot
Feb 24, 1:38PM Street Insider
about 100 days ago by contrarian1
Feb 16, 4:33PM Street Insider
Feb 16, 4:30PM PR Newswire
Feb 14, 8:20AM Marketwire
Feb 13, 4:01PM PR Newswire
about 111 days ago by TrendHopper
about 114 days ago by hangten
about 114 days ago by hangten
about 115 days ago by OptionsCommander
about 115 days ago by 3DTRADINGTRADER
Jan 31, 8:23AM Street Insider
Jan 30, 4:35PM Street Insider
about 136 days ago by iamspinner
about 142 days ago by a_vanderploeg
Dec 22, 9:01AM Benzinga
Nov 23, 2:29PM Street Insider
Nov 16, 4:08PM FlyOnTheWall
Nov 16, 4:05PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRGN | 0.58 | +0.00 | +0.00% | 34.72M |
| PNR | 40.76 | -0.10 | -0.24% | 4.030B |
| PNQI | 37.80 | -0.18 | -0.47% | |
| PNNT | 9.75 | +0.11 | +1.14% | 528.85M |
| PNM | 18.65 | +0.13 | +0.70% | 1.475B |
| PNFP | 17.06 | +0.01 | +0.06% | 590.27M |
| PNF | 12.05 | -0.03 | -0.25% | |
| PNC | 61.42 | +0.07 | +0.11% | 32.37B |
| PNBK | 1.82 | +0.00 | +0.00% | 69.82M |
| PDEX | 2.02 | +0.02 | +1.00% | 6.54M |
