Royal Bancshares of Pennsylvania (RBPAA)
Royal Bancshares of Pennsylvania Beta: -0.2377
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RBPAA Beta Range, Past 5 Years
| Minimum | -0.4055 | Mar 2009 |
| Maximum | 0.9861 | Dec 2007 |
| Average | -0.1322 |
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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RBPAA News
May 15, 4:24PM Marketwire
about 58 days ago by MarketBrief
Mar 29, 9:20AM Marketwire
about 82 days ago by RecogniaEvents
Dec 01, 12:15PM Marketwire
Nov 15, 2:29PM Benzinga
Nov 01, 10:30AM Marketwire
about 512 days ago by PresidentBarama
about 853 days ago by Waltonsmtn1
about 855 days ago by PresidentBarama
about 861 days ago by PresidentBarama
about 861 days ago by PresidentBarama
about 862 days ago by wsmco
about 862 days ago by brendon_chan
about 862 days ago by PresidentBarama
about 863 days ago by Waltonsmtn1
about 863 days ago by Waltonsmtn1
about 863 days ago by PresidentBarama
about 867 days ago by PresidentBarama
about 867 days ago by PresidentBarama
about 1132 days ago by rakoraja
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RBPAA | 1.42 | +0.00 | +0.00% | 15.42M |
| RBNF | 5.99 | +0.08 | +1.35% | 29.11M |
| RBN | 45.39 | -0.41 | -0.90% | 2.083B |
| RBCN | 8.78 | -0.04 | -0.45% | 198.71M |
| QAI | 27.24 | +0.01 | +0.04% | |
| QADB | 12.07 | +0.06 | +0.50% | 38.62M |
| QADA | 12.20 | +0.38 | +3.21% | 150.00M |
| PZZI | 2.35 | -0.09 | -3.69% | 19.57M |
| PZZA | 46.72 | +0.16 | +0.34% | 1.129B |
| PZT | 24.54 | +0.05 | +0.20% |
