Semiconductor HOLDRs Trust (SMH)

29.91 -1.16  -3.73%  Jun 01, 8:00PM Go Pro
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Semiconductor HOLDRs Trust Beta: 1.156

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SMH Beta Range, Past 5 Years

Minimum 1.107 Feb 2009
Maximum 2.208 Sep 2007
Average 1.337

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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SMH News

RT @alphatrends VIDEO for end of week 6/1/12 http://stks.co/44bp technical analysis of $SPY $QQQ $IWM $FB $SMH $RIMM $WYNN >>>Top Shelf!
about 10 hours ago by Fibline
VIDEO for end of week 6/1/12 http://stks.co/44au technical analysis of $SPY $QQQ $IWM $FB $SMH $RIMM $WYNN
about 11 hours ago by alphatrends
Closing Numbers for May 2012 | via @alphatrends http://stks.co/43wC $SPY $QQQ $IWM $SMH
about 19 hours ago by STNet
Your Closing Numbers for May 2012 & YTD http://stks.co/43ut $USO & $SMH Worst $TLT & $UUP Best via @alphatrends
about 19 hours ago by StockTwits
RT @alphatrends "Sell in May" worked pretty well this year http://stks.co/43VN $SPY $XLF $SMH $IWM $QQQ What about the "Go Away" part ?
about a day ago by tradeha
"Sell in May" worked pretty well this year http://stks.co/43UN $SPY $XLF $SMH $IWM $QQQ
about a day ago by alphatrends
Many key equity indexes up against important resistance. $COMPQ @ 2011 high. $SMH @ 200-day SMA. $NYA @ 200-day SMA. $SML @ Mar./Apr. lows.
about 4 days ago by hertcapital
key chart... RT @FITZSTOCK2004 $SMH http://stks.co/401w MAKE or BREAK time for semis.. Right @ the uptrend line from 2008 lows
about 6 days ago by chartly
$SMH http://stks.co/3zzV it is MAKE or BREAK time for semiconductors....We are right at the uptrend line from 2008 lows
about 6 days ago by FITZSTOCK2004
Semis bailing out Tech today, cause rest of names very weak. $QQQ $SMH
about 8 days ago by mytfine
$SPY Floor traders by now are gone for the weekend leaving the jr. traders in charge. They already have their instructions.. $QQQ $SMH $AAPL
about 8 days ago by Stevez1
Stock market technical analysis 5/24/12 http://stks.co/3yxa via @alphatrends $SPY $QQQ $IWM $XLF $SMH
about 8 days ago by StockTwits
Stock Market Video Analysis 5/24/12 | via @AlphaTrends http://stks.co/3ypU $SPY $QQQ $IWM $XLF $SMH
about 8 days ago by STNet
VIDEO- Stock market technical analysis 5/24/12 http://stks.co/3ynW $SPY $QQQ $IWM $XLF $SMH
about 8 days ago by alphatrends
$INTC up 75 as $SMH down 90bp. $QCOM $BRCM and others discarded like they r coal comapnies
about 8 days ago by mytfine
$SMH and $XLF now down. These 2 need to be up to trust any rally. $ES_F. $NQ_F testing 2542.25.
about 9 days ago by AheadoftheNews
$XLF neutral, $SMH barely up. Nothing rip roaring. $NQ_F $ES_F. $ZN_F hit major support at 133'12.
about 9 days ago by AheadoftheNews
Five of the equity indexes I cover have printed new corrective lows today. $SMH $SOX $SML $NYA $IWC
about 10 days ago by hertcapital
$IWC Russell Microcap Index printed a new correction low near the Oct.2011 high. An important support area. Confirms $SMH correction low.
about 10 days ago by hertcapital
RT @hertcapital $SMH new correction low. Looking for confirmation from other indexes > $INTC gapping away on the downside.
about 10 days ago by stockspot
RT @hertcapital $SMH is the 1st of the major equity indexes to print a new correction low. Looking for confirmation from other indexes.
about 10 days ago by StockTwits
$SMH Mentioned more than normal on StockTwits - Currently at 2 x average daily social activity
about 10 days ago by TradeIdeasQuant
RT @hertcapital $SMH is the 1st of the major equity indexes to print a new correction low. - check the energy and materials sector
about 10 days ago by mytfine
RT @hertcapital $SMH is the 1st of the major equity indexes to print a new correction low. Looking for confirmation from other indexes.
about 10 days ago by AaronJ
$SMH is the 1st of the major equity indexes to print a new correction low. Looking for confirmation from other indexes.
about 10 days ago by hertcapital
The Good Leads
May 02, 7:15AM
ETF Chart of the Day: Semiconductors
Apr 24, 4:25PM ETF Trends
SMH, INTC, TSM, TXN: ETF Inflow Alert
Apr 24, 11:09AM Forbes
ETF Fund Flows: SPY Loses $1.11 Billion
Apr 23, 4:00AM IndexUniverse.com
ETFs React to Tech Earnings
Apr 19, 3:56PM Fox Business
Barney and the Techs!
Jan 24, 11:03AM

Recent Quotes

Symbol Price Chg Chg % Market Cap
SMH 29.91 -1.16 -3.73%
SMG 42.33 -0.84 -1.95% 2.626B
SMFG 5.72 -0.18 -3.05% 16.69B
SMCI 14.82 -1.12 -7.03% 648.44M
SMBL 6.07 +0.14 +2.36% 349.51M
SMBC 24.64 +0.00 +0.00% 80.08M
SMB 17.80 -0.02 -0.11%
SM 50.47 -3.62 -6.69% 3.469B
SLYV 66.49 -1.87 -2.73%
SLYG 113.29 -2.94 -2.53%
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