PROS (PRO)
PROS Beta: 1.720
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PRO Beta Range, Past 5 Years
| Minimum | 1.720 | Apr 2012 |
| Maximum | 1.820 | Jun 2010 |
| Average | 1.755 |
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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PRO News
May 29, 7:00AM Business Wire
about 7 days ago by HighGrowthFinancial
May 11, 10:43AM Business Wire
about 21 days ago by PROSHoldings
May 09, 8:00AM Business Wire
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by earningscast
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
about 24 days ago by PROSHoldings
May 07, 9:40AM Business Wire
May 04, 8:00AM Business Wire
about 28 days ago by HighGrowthFinancial
May 03, 8:00AM Business Wire
about 29 days ago by PROSHoldings
about 32 days ago by ivan_bg
about 32 days ago by ABtrader
about 49 days ago by PROSHoldings
Apr 12, 4:05PM Business Wire
Mar 28, 9:00AM Business Wire
about 66 days ago by Contrarius
about 74 days ago by WallStJesus
about 79 days ago by PROSHoldings
Mar 13, 8:00AM Business Wire
about 80 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 92 days ago by PROSHoldings
about 97 days ago by PROSHoldings
Feb 10, 2:06PM Street Insider
Feb 09, 4:01PM Business Wire
Feb 07, 7:00AM Business Wire
Jan 30, 11:49AM Business Wire
Jan 03, 4:05PM Business Wire
Nov 29, 12:39PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRO | 14.79 | -0.01 | -0.07% | 401.23M |
| PNTR | 2.74 | +0.01 | +0.37% | 13.12M |
| PNSN | 0.22 | -0.03 | -12.00% | 6.995M |
| PNRG | 22.70 | +0.54 | +2.44% | 60.28M |
| PNRA | 147.01 | -0.85 | -0.57% | 4.698B |
| PNR | 40.61 | -0.25 | -0.61% | 4.030B |
| SLH | 44.64 | -0.01 | -0.02% | 3.128B |
| SLGN | 41.77 | -0.10 | -0.24% | 2.926B |
| SLG | 74.66 | +0.76 | +1.02% | 6.383B |
| SLF | 20.54 | +0.54 | +2.70% | 11.69B |
