Senomyx (SNMX)
Senomyx Beta: 1.540
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SNMX Beta Range, Past 5 Years
| Minimum | 0.9384 | Jun 2007 |
| Maximum | 2.618 | Nov 2007 |
| Average | 1.625 |
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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SNMX News
May 24, 11:02AM Seeking Alpha
May 17, 8:30AM Business Wire
May 09, 8:56PM Seeking Alpha
about 23 days ago by earningscast
about 28 days ago by earningscast
May 03, 8:30AM Marketwire
May 01, 8:30AM Marketwire
Apr 26, 8:30AM Business Wire
Mar 27, 8:30AM Marketwire
Mar 07, 10:33AM GlobeNewswire
Mar 07, 8:30AM Marketwire
about 91 days ago by earningscast
Mar 01, 8:30AM Marketwire
Jan 04, 8:30AM Marketwire
Oct 27, 8:30AM Business Wire
Oct 21, 8:30AM Business Wire
about 272 days ago by BioDueDiligence
about 272 days ago by BioDueDiligence
about 277 days ago by BioDueDiligence
Aug 24, 8:30AM Business Wire
Aug 05, 8:30AM Business Wire
Aug 01, 8:30AM Business Wire
about 324 days ago by canarionyc
about 330 days ago by BioDueDiligence
about 350 days ago by BioDueDiligence
about 350 days ago by BioDueDiligence
about 350 days ago by BioDueDiligence
about 351 days ago by BioDueDiligence
about 357 days ago by BioDueDiligence
about 357 days ago by BioDueDiligence
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SNMX | 2.27 | -0.04 | -1.73% | 91.87M |
| SNCR | 17.53 | +0.32 | +1.86% | 662.93M |
| SNAK | 6.33 | -0.04 | -0.63% | 115.74M |
| SNA | 59.63 | -0.62 | -1.03% | 3.510B |
| SN | 23.50 | -0.78 | -3.21% | 839.36M |
| SMTX | 3.26 | -0.04 | -1.21% | 51.21M |
| SMTC | 23.71 | -0.27 | -1.13% | 1.569B |
| SMT | 1.30 | -0.01 | -0.76% | 54.99M |
| SMSI | 1.585 | -0.01 | -0.31% | 56.59M |
| SMSC | 36.60 | -0.02 | -0.05% | 814.06M |
