Superconductor Technologies (SCON)
Superconductor Technologies Beta: 2.280
View SCON Beta with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
SCON Beta Range, Past 5 Years
| Minimum | 2.280 | Apr 2012 |
| Maximum | 8.760 | Dec 2007 |
| Average | 3.849 |
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 SCON related companies
SCON News
May 17, 6:30AM GlobeNewswire
May 16, 8:08AM Street Insider
Apr 24, 6:30AM GlobeNewswire
Apr 11, 4:09PM Benzinga
Mar 20, 6:30AM GlobeNewswire
Mar 07, 6:30AM GlobeNewswire
about 96 days ago by ActiveTrader73
about 97 days ago by Urbane_Gorilla
about 97 days ago by Urbane_Gorilla
about 97 days ago by anthony73
Feb 23, 1:00PM GlobeNewswire
Feb 21, 7:52AM Benzinga
Feb 21, 7:51AM Street Insider
Feb 21, 7:50AM GlobeNewswire
Feb 17, 9:26AM Street Insider
Feb 17, 9:26AM theflyonthewall.com
Feb 17, 9:20AM Benzinga
Feb 17, 9:20AM GlobeNewswire
about 120 days ago by 3DTRADINGTRADER
Jan 10, 6:30AM GlobeNewswire
Dec 12, 7:12AM Street Insider
Dec 12, 7:04AM GlobeNewswire
Nov 11, 6:30AM GlobeNewswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCON | 0.669 | -0.02 | -3.04% | 26.97M |
| RWC | 1.62 | -0.02 | -1.22% | 22.21M |
| RVSN | 11.79 | +0.00 | +0.00% | 217.88M |
| RVSB | 1.31 | -0.07 | -5.13% | 29.44M |
| RVR | 22.68 | -0.12 | -0.53% | 80.06M |
| RVP | 1.07 | +0.06 | +5.94% | 27.05M |
| RVM | 3.38 | +0.00 | +0.00% | 115.09M |
| RVBD | 16.38 | +0.08 | +0.49% | 2.568B |
| RBCN | 8.73 | -0.09 | -1.02% | 198.71M |
| RBC | 59.89 | -0.79 | -1.30% | 2.526B |