Sycamore Networks (SCMR)
Sycamore Networks Beta: 0.75
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SCMR Beta Range, Past 5 Years
| Minimum | 0.2916 | Feb 2010 |
| Maximum | 1.276 | Jun 2007 |
| Average | 0.6273 |
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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SCMR News
about 9 days ago by earningscast
May 23, 6:55AM Business Wire
May 22, 4:33PM Fox Business
May 15, 4:01PM Business Wire
about 106 days ago by earningscast
Feb 16, 6:55AM Business Wire
Feb 08, 4:01PM Business Wire
about 182 days ago by MarketBrief
about 183 days ago by earningscast
Dec 01, 6:55AM Business Wire
Nov 22, 4:01PM Business Wire
about 193 days ago by MarketBrief
about 216 days ago by MarketBrief
Oct 25, 10:37AM Wall St. Cheat Sheet
Oct 12, 9:06AM Wall St. Cheat Sheet
about 248 days ago by Judy_G
about 268 days ago by CDMCapital
about 347 days ago by strepper
about 463 days ago by suriNotes
about 471 days ago by suriNotes
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCMR | 13.26 | -0.25 | -1.85% | 389.49M |
| SCMF | 2.78 | -0.01 | -0.36% | 46.96M |
| SCLN | 6.30 | -0.01 | -0.16% | 365.03M |
| SCL | 90.38 | -0.27 | -0.30% | 989.90M |
| SCKT | 2.110 | +0.01 | +0.47% | 10.16M |
| SCJ | 42.21 | +0.71 | +1.71% | |
| SCIL | 1.30 | +0.01 | +0.70% | 24.40M |
| SCI | 11.45 | +0.00 | +0.00% | 2.536B |
| SCHW | 12.46 | -0.06 | -0.48% | 15.92B |
| RPM | 26.36 | -0.02 | -0.08% | 3.463B |
