Sims Metal Management (SMS)
Sims Metal Management Beta: 1.950
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SMS Beta Range, Past 5 Years
| Minimum | 1.85 | Aug 2011 |
| Maximum | 1.974 | Feb 2012 |
| Average | 1.906 |
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
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SMS News
May 29, 10:25AM Street Insider
Apr 20, 8:26AM Street Insider
about 80 days ago by DynamicDividend
Feb 08, 5:03PM Business Wire
Jan 24, 9:13PM Business Wire
Jan 18, 12:54AM JCN Newswire
Jan 17, 9:25AM Benzinga
Jan 17, 9:24AM Business Wire
Aug 26, 8:29AM Street Insider
Aug 22, 8:28AM Street Insider
Aug 08, 9:20AM Business Wire
about 530 days ago by Xiphos_Trading
about 605 days ago by dividata
about 616 days ago by Xiphos_Trading
about 634 days ago by Xiphos_Trading
about 773 days ago by steve_ascendere
about 791 days ago by steve_ascendere
about 820 days ago by paulwoll
about 1021 days ago by CompoundinTrade
about 1085 days ago by flaljee
about 1092 days ago by UrbaneGorilla
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SMS | 10.56 | -0.13 | -1.22% | 2.201B |
| SMRT | 6.95 | +0.02 | +0.29% | 300.07M |
| SMP | 13.34 | +0.19 | +1.44% | 300.21M |
| SMMF | 5.27 | +0.12 | +2.33% | 39.16M |
| SFL | 15.16 | -0.10 | -0.66% | 1.208B |
| SFI | 5.66 | -0.01 | -0.18% | 475.32M |
| SFE | 15.11 | +0.04 | +0.27% | 312.70M |
| SFD | 19.80 | -0.01 | -0.05% | 3.189B |
| SF | 31.41 | -0.12 | -0.38% | 1.694B |
| SEV | 7.35 | -0.36 | -4.63% | 25.50M |
