School Specialty (SCHS)
School Specialty Beta: 1.431
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SCHS Beta Range, Past 5 Years
| Minimum | 0.3127 | Jul 2007 |
| Maximum | 1.431 | Apr 2012 |
| Average | 1.130 |
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
You may also be interested in these SCHS related companies
SCHS News
May 23, 4:43PM The Wall Street Journal
May 23, 2:28PM Street Insider
May 23, 12:40PM The Wall Street Journal
Apr 02, 8:30AM GlobeNewswire
about 64 days ago by RecogniaEvents
about 79 days ago by TheEquitiesRoom
about 79 days ago by TheEquitiesRoom
about 83 days ago by RecogniaEvents
about 84 days ago by RecogniaEvents
about 98 days ago by earningscast
Feb 23, 10:00AM Street Insider
Feb 23, 9:22AM GlobeNewswire
Feb 23, 8:30AM GlobeNewswire
about 112 days ago by kunal00
Jan 19, 9:00AM GlobeNewswire
Jan 18, 11:00AM GlobeNewswire
Jan 12, 8:30AM GlobeNewswire
about 142 days ago by InvestorsHeadquarter
about 143 days ago by 1973Hog
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCHS | 2.98 | -0.02 | -0.67% | 56.97M |
| SCHN | 26.08 | -1.28 | -4.68% | 745.83M |
| SBI | 10.34 | -0.23 | -2.18% | |
| SBGI | 8.13 | +0.02 | +0.25% | 656.75M |
| SBCF | 1.51 | +0.04 | +2.72% | 139.22M |
| SBBX | 5.11 | +0.45 | +9.66% | 17.22M |
| SB | 6.50 | +0.11 | +1.72% | 485.00M |
| RL | 148.75 | +0.06 | +0.04% | 13.73B |
| RKT | 51.58 | +0.12 | +0.23% | 3.633B |
| RJF | 34.19 | +0.33 | +0.97% | 4.608B |
