Textainer Group (TGH)
Textainer Group Beta: 1.705
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TGH Beta Range, Past 5 Years
| Minimum | 1.524 | Apr 2011 |
| Maximum | 1.708 | Jan 2012 |
| Average | 1.601 |
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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TGH News
about 22 days ago by billgunderson
May 09, 10:56AM Benzinga
May 09, 10:20AM Street Insider
about 24 days ago by earningscast
about 24 days ago by DynamicDividend
May 08, 8:45AM Business Wire
May 02, 12:08PM Business Wire
about 35 days ago by RecogniaEvents
Apr 27, 5:52PM Business Wire
Apr 20, 11:06AM Street Insider
Apr 18, 2:13PM Business Wire
Apr 17, 11:12AM Fool
Apr 11, 11:52PM Business Wire
Mar 16, 1:00PM Business Wire
Mar 01, 5:47PM Business Wire
about 95 days ago by DarvasTrader
Feb 21, 10:42AM Street Insider
Feb 15, 9:58AM Street Insider
about 108 days ago by earningscast
about 108 days ago by DynamicDividend
about 142 days ago by DynamicDividend
about 154 days ago by orangecrusher13
about 163 days ago by ZacksResearch
about 210 days ago by DynamicDividend
about 297 days ago by DynamicDividend
about 297 days ago by Benzinga
about 393 days ago by DynamicDividend
about 477 days ago by DynamicDividend
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TGH | 32.37 | -0.50 | -1.52% | 1.628B |
| TGE | 8.70 | -0.67 | -7.15% | 190.49M |
| TEO | 11.79 | -0.32 | -2.64% | 2.384B |
| TENZ | 88.27 | +0.08 | +0.09% | |
| TEN | 25.57 | -1.58 | -5.82% | 1.641B |
| TELK | 4.13 | -0.45 | -9.83% | 8.290M |
| TEL | 30.51 | -0.91 | -2.90% | 13.41B |
| TEI | 15.10 | -0.18 | -1.18% | |
| TEG | 53.65 | -0.45 | -0.83% | 4.235B |
| TEF | 11.17 | +0.10 | +0.90% | 51.85B |