Shaw Communications (SJR)
Shaw Communications Beta: 0.4234
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SJR Beta Range, Past 5 Years
| Minimum | -0.2574 | Dec 2007 |
| Maximum | 1.615 | May 2007 |
| Average | 0.4140 |
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.
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SJR News
May 25, 5:45PM Marketwire
May 17, 5:09PM Marketwire
about 42 days ago by eyeonequities
Apr 16, 5:37PM Benzinga
Apr 13, 4:00PM Seeking Alpha
Mar 23, 12:28PM Marketwire
about 140 days ago by DynamicDividend
about 144 days ago by howardlindzon
about 174 days ago by michaelbabad
about 238 days ago by eyeonequities
about 261 days ago by EquityClock
about 275 days ago by dazetrader
about 401 days ago by eyeonequities
about 414 days ago by darcykeith
about 505 days ago by maveric1k
about 505 days ago by DynamicDividend
about 538 days ago by EquityClock
about 538 days ago by EquityClock
about 540 days ago by cardinalrose
about 584 days ago by hnrykssngr
about 856 days ago by stockerblog
about 869 days ago by clandersen
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SJR | 18.91 | -0.09 | -0.47% | 7.936B |
| SB | 6.41 | +0.02 | +0.31% | 485.00M |
| SAVE | 20.51 | -0.12 | -0.58% | 1.396B |
| SATS | 28.00 | +0.18 | +0.65% | 2.411B |
| SATC | 0.3387 | -0.01 | -3.37% | 46.24M |
| SASR | 17.70 | +0.17 | +0.97% | 422.47M |
| SAPX | 0.057 | +0.00 | +2.15% | 2.005M |
| SAPE | 11.03 | +0.06 | +0.55% | 1.539B |
| SAP | 57.39 | +0.63 | +1.11% | 67.56B |
| SANW | 5.480 | -0.01 | -0.18% | 31.78M |