Telestone Technologies (TSTC)
Telestone Technologies Beta: 2.976
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TSTC Beta Range, Past 5 Years
| Minimum | 0.9984 | Aug 2007 |
| Maximum | 3.316 | Feb 2010 |
| Average | 2.802 |
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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TSTC News
about 16 days ago by MarketBrief
May 15, 6:48AM Street Insider
May 11, 12:09AM PR Newswire
about 63 days ago by WallStreetBean
Mar 30, 8:49AM PR Newswire
Mar 29, 5:49PM Street Insider
about 65 days ago by Fibline
about 86 days ago by Forhope
Mar 06, 9:30AM PR Newswire
about 114 days ago by tradergls
about 137 days ago by wallstreetbean
Jan 03, 12:55PM The Wall Street Journal
Jan 03, 8:29AM Benzinga
Jan 03, 7:08AM Street Insider
Dec 21, 8:00AM PR Newswire
Dec 08, 8:00AM PR Newswire
about 189 days ago by EXPstocktrader
about 193 days ago by EXPstocktrader
Nov 15, 4:41PM The Wall Street Journal
Nov 15, 9:01AM FlyOnTheWall
Nov 15, 8:12AM Street Insider
Nov 15, 8:12AM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TSTC | 1.79 | -0.03 | -1.65% | 22.07M |
| TRW | 37.25 | -1.32 | -3.42% | 4.773B |
| TRV | 60.85 | -1.64 | -2.62% | 24.56B |
| TRU | 1.870 | +0.10 | +5.64% | 16.08M |
| TRT | 1.55 | +0.00 | +0.00% | 5.146M |
| TRST | 5.06 | -0.12 | -2.32% | 484.59M |
| TRS | 19.46 | -0.55 | -2.75% | 693.15M |
| TRP | 40.43 | -0.49 | -1.20% | 28.82B |
| TROW | 55.03 | -2.56 | -4.45% | 14.61B |
| TRNX | 19.72 | -0.03 | -0.15% | 776.37M |
