Teekay Offshore Partners (TOO)
Teekay Offshore Partners Beta: 0.6036
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TOO Beta Range, Past 5 Years
| Minimum | 0.5569 | Jul 2010 |
| Maximum | 0.6231 | Feb 2012 |
| Average | 0.5914 |
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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TOO News
about 4 days ago by TeekayCorp
about 10 days ago by TeekayCorp
May 17, 8:32PM Marketwire
about 15 days ago by TeekayOffshore
about 21 days ago by TeekayCorp
May 07, 5:01PM Thomson Reuters ONE
Apr 13, 12:24PM Benzinga
about 50 days ago by DynamicDividend
about 50 days ago by DynamicDividend
Apr 12, 5:04PM Street Insider
Apr 12, 4:11PM Street Insider
about 50 days ago by TeekayOffshore
Apr 12, 4:00PM Marketwire
about 98 days ago by TeekayOffshore
about 98 days ago by TeekayOffshore
about 98 days ago by TeekayOffshore
about 99 days ago by TeekayOffshore
about 100 days ago by TeekayOffshore
about 109 days ago by TeekayOffshore
about 129 days ago by TeekayCorp
about 134 days ago by TeekayOffshore
Jan 19, 4:04PM Street Insider
about 135 days ago by TeekayOffshore
about 138 days ago by TeekayOffshore
about 178 days ago by TeekayOffshore
about 204 days ago by transenergy
Nov 10, 11:39AM FlyOnTheWall
about 204 days ago by TeekayOffshore
about 204 days ago by TeekayOffshore
Oct 18, 4:03PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TOO | 27.19 | -0.51 | -1.84% | 1.956B |
| TOFC | 10.16 | -0.48 | -4.51% | 51.60M |
| TOF | 1.68 | +0.12 | +7.69% | 8.702M |
| THG | 38.00 | -1.01 | -2.59% | 1.756B |
| THFF | 27.09 | -0.96 | -3.42% | 371.38M |
| THD | 63.95 | -2.40 | -3.62% | |
| TGT | 57.22 | -0.69 | -1.19% | 38.71B |
| TGS | 2.12 | +0.02 | +0.95% | 333.69M |
| TEF | 11.17 | +0.10 | +0.90% | 51.85B |
| TECH | 66.42 | -1.44 | -2.12% | 2.501B |
