Sovran Self Storage (SSS)
Sovran Self Storage Beta: 1.082
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SSS Beta Range, Past 5 Years
| Minimum | 0.4652 | Jun 2007 |
| Maximum | 1.41 | Feb 2009 |
| Average | 1.082 |
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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SSS News
May 02, 4:05PM Business Wire
about 30 days ago by journalistjosh
Apr 18, 4:05PM Business Wire
Apr 02, 4:05PM Street Insider
Mar 07, 4:02PM Business Wire
Feb 13, 4:07PM Street Insider
Feb 13, 4:05PM Business Wire
Feb 07, 4:19PM Business Wire
Feb 07, 4:05AM Benzinga
Jan 18, 4:05PM Business Wire
Jan 03, 4:11PM Street Insider
about 508 days ago by DynamicDividend
about 612 days ago by jacksjournal
about 747 days ago by iDavidMartin
about 747 days ago by iDavidMartin
about 747 days ago by iDavidMartin
about 750 days ago by zortrades
about 780 days ago by InformedTrader
about 829 days ago by alphatrends
about 848 days ago by iDavidMartin
about 857 days ago by iDavidMartin
about 975 days ago by StockTickr
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SSS | 47.99 | -1.36 | -2.76% | 1.430B |
| SPG | 143.81 | -3.71 | -2.51% | 43.92B |
| SPEX | 0.75 | -0.03 | -3.85% | 3.12M |
| SPCHB | 1.716 | +0.03 | +1.54% | 3.054M |
| SPCHA | 1.22 | -0.15 | -10.95% | 15.14M |
| SPBC | 12.85 | +0.00 | +0.00% | 22.23M |
| SPB | 33.09 | -1.43 | -4.14% | 1.787B |
| SPAR | 4.22 | -0.28 | -6.22% | 151.29M |
| SPAN | 17.51 | +0.01 | +0.06% | 51.10M |
| SPAB | 1.07 | +0.04 | +3.88% |
