Solera (SLH)
Solera Beta: 0.8168
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SLH Beta Range, Past 5 Years
| Minimum | 0.8168 | Apr 2012 |
| Maximum | 0.9676 | May 2010 |
| Average | 0.8870 |
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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SLH News
about 16 days ago by azendrian
about 22 days ago by DynamicDividend
May 10, 8:27AM Wall St. Cheat Sheet
May 09, 9:48AM Benzinga
May 08, 9:10PM Seeking Alpha
about 24 days ago by earningscast
May 02, 12:07PM PR Newswire
Apr 10, 8:42PM PR Newswire
Apr 10, 8:37PM PR Newswire
Apr 10, 11:11AM PR Newswire
about 114 days ago by MarketBrief
about 114 days ago by TradeIdeasQuant
Feb 08, 6:02AM Benzinga
Feb 07, 10:10PM Seeking Alpha
about 115 days ago by MarketBrief
about 115 days ago by earningscast
about 115 days ago by Benzinga
Feb 07, 4:43PM Street Insider
Feb 06, 4:14PM Street Insider
Feb 01, 11:56AM PR Newswire
about 171 days ago by TradeIdeasQuant
about 227 days ago by MarketBrief
about 241 days ago by MarketBrief
about 279 days ago by TraderFlorida
about 282 days ago by Benzinga
about 292 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SLH | 42.79 | -1.61 | -3.63% | 3.110B |
| SIVB | 55.55 | -4.11 | -6.89% | 2.613B |
| SIRI | 1.85 | -0.04 | -2.12% | 7.097B |
| SINO | 2.580 | +0.03 | +1.17% | 7.482M |
| SINA | 50.97 | -2.30 | -4.32% | 3.511B |
| SIMO | 13.16 | -0.38 | -2.81% | 449.80M |
| SIMG | 4.25 | -0.17 | -3.85% | 367.17M |
| SIM | 8.39 | -0.41 | -4.66% | |
| SILU | 1.38 | +0.02 | +1.47% | |
| SILC | 13.80 | -0.17 | -1.22% | 96.81M |
