Rodman & Renshaw Capital Group (RODM)
Rodman & Renshaw Capital Group Beta: 2.425
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RODM Beta Range, Past 5 Years
| Minimum | 2.116 | Oct 2011 |
| Maximum | 2.692 | Oct 2010 |
| Average | 2.464 |
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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RODM News
May 15, 8:14AM Benzinga
May 15, 8:00AM Business Wire
May 11, 8:00AM Business Wire
Apr 23, 9:30AM GlobeNewswire
Apr 11, 8:35AM Business Wire
Apr 09, 6:02PM Business Wire
Apr 09, 8:30AM Business Wire
Mar 20, 9:21AM Business Wire
Mar 08, 8:00AM Business Wire
Mar 05, 9:15AM Business Wire
about 90 days ago by Urbane_Gorilla
Mar 01, 12:24PM Business Wire
Feb 27, 8:30AM Business Wire
Feb 21, 7:50AM GlobeNewswire
Feb 17, 9:20AM GlobeNewswire
Feb 14, 1:18PM Business Wire
about 120 days ago by sxeworldman
about 314 days ago by LindenCap
about 364 days ago by micstockwell
about 499 days ago by Legacy_Trades
about 499 days ago by Legacy_Trades
about 533 days ago by Legacy_Trades
about 602 days ago by Detroitblues
about 608 days ago by steinhauer
about 625 days ago by steinhauer
about 704 days ago by johnwelshtrades
about 766 days ago by WeeklyTA
about 788 days ago by mjlewis
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RODM | 0.50 | -0.08 | -13.79% | 19.95M |
| ROCM | 9.95 | +0.00 | +0.00% | 120.40M |
| ROCK | 10.24 | +0.00 | +0.00% | 312.73M |
| ROC | 48.40 | -0.43 | -0.88% | 3.778B |
| RNWKD | 8.72 | -0.09 | -1.02% | |
| RNWK | 8.86 | +0.14 | +1.61% | 301.10M |
| RMBS | 4.805 | +0.10 | +2.23% | 518.88M |
| RLOG | 7.49 | -0.08 | -1.06% | 133.76M |
| RLJ | 17.63 | -0.13 | -0.73% | 1.894B |
| RLI | 66.66 | +0.17 | +0.26% | 1.410B |
