Skilled Healthcare Group (SKH)
Skilled Healthcare Group Beta: 0.8109
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SKH Beta Range, Past 5 Years
| Minimum | -0.0088 | Aug 2010 |
| Maximum | 0.8109 | Apr 2012 |
| Average | 0.4534 |
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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SKH News
about 2 days ago by TradeIdeasQuant
May 23, 7:03PM PR Newswire
about 20 days ago by RecogniaEvents
about 28 days ago by TradeIdeasQuant
Apr 25, 12:03PM Street Insider
Apr 12, 5:10PM PR Newswire
Apr 04, 4:06AM Benzinga
about 58 days ago by MarketBrief
Mar 20, 1:43PM Street Insider
about 73 days ago by TradeIdeasQuant
about 85 days ago by RecogniaEvents
about 86 days ago by MrDayer
Mar 06, 2:51PM Street Insider
Mar 05, 4:15PM PR Newswire
about 87 days ago by TradeIdeasQuant
Feb 16, 4:06PM PR Newswire
Feb 16, 4:05PM PR Newswire
about 107 days ago by TradeIdeasQuant
Feb 13, 5:21PM Street Insider
Jan 23, 7:24PM PR Newswire
Jan 05, 3:37PM PR Newswire
Nov 08, 1:09PM PR Newswire
Nov 01, 8:47AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SKH | 5.55 | -0.06 | -1.07% | 213.18M |
| SKF | 48.75 | -0.12 | -0.25% | |
| SKBI | 2.32 | -0.07 | -2.93% | 16.61M |
| SJW | 23.07 | +0.05 | +0.22% | 428.63M |
| SJT | 13.60 | -1.18 | -7.98% | 688.90M |
| SJR | 18.92 | -0.08 | -0.42% | 7.936B |
| SB | 6.41 | +0.02 | +0.31% | 485.00M |
| SAVE | 20.52 | -0.11 | -0.53% | 1.396B |
| SATS | 28.00 | +0.18 | +0.65% | 2.411B |
| SATC | 0.3387 | -0.01 | -3.37% | 46.24M |
