Research Frontiers (REFR)
Research Frontiers Beta: 0.8483
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REFR Beta Range, Past 5 Years
| Minimum | 0.0334 | Jun 2008 |
| Maximum | 1.139 | Mar 2009 |
| Average | 0.7024 |
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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REFR News
May 23, 4:14PM GlobeNewswire
May 07, 4:41PM GlobeNewswire
Apr 30, 9:00AM GlobeNewswire
Mar 13, 5:43PM GlobeNewswire
Nov 10, 1:30PM GlobeNewswire
Oct 14, 10:56AM GlobeNewswire
Oct 10, 9:00AM GlobeNewswire
Oct 04, 5:30PM GlobeNewswire
Oct 04, 1:15PM GlobeNewswire
Sep 14, 10:03AM GlobeNewswire
Sep 13, 10:15AM GlobeNewswire
May 26, 3:03PM GlobeNewswire
about 456 days ago by activetrading
about 480 days ago by tickertutor
about 480 days ago by tickertutor
about 480 days ago by tickertutor
about 480 days ago by TER_Intraday
about 482 days ago by 1nvestor
about 513 days ago by 1nvestor
about 513 days ago by redman59
about 515 days ago by BigHungryShark
about 516 days ago by OptionRadar
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| REFR | 3.39 | +0.07 | +2.11% | 62.78M |
| REE | 4.07 | -0.20 | -4.68% | 188.86M |
| REDF | 4.21 | -0.38 | -8.28% | 134.17M |
| RE | 102.12 | +0.90 | +0.89% | 5.440B |
| QPSA | 2.93 | -0.06 | -2.01% | 108.24M |
| QMM | 0.44 | +0.01 | +1.15% | 66.26M |
| QLTY | 10.62 | +0.23 | +2.21% | 280.22M |
| QLTI | 7.61 | +0.03 | +0.40% | 371.12M |
| QLT | 23.95 | +0.23 | +0.97% | |
| QLIK | 22.73 | -0.40 | -1.73% | 1.954B |
