United States Natural Gas Fund (UNG)
United States Natural Gas Fund Beta: 0.0966
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UNG Beta Range, Past 5 Years
| Minimum | -0.005 | Jun 2010 |
| Maximum | 0.1868 | Nov 2011 |
| Average | 0.1268 |
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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UNG News
about 4 hours ago by Johnny905
about 4 hours ago by Johnny905
about 9 hours ago by txchick57
about 9 hours ago by Johnny905
about 12 hours ago by TrendHunter
about 14 hours ago by Johnny905
about 17 hours ago by polluxtechnical
about 18 hours ago by Green_Lantern
May 31, 12:03PM Street Insider
about 20 hours ago by txchick57
May 31, 10:38AM Street Insider
about 20 hours ago by Street_Insider
about 21 hours ago by Green_Lantern
about 21 hours ago by 613Trader
about 23 hours ago by txchick57
about 23 hours ago by txchick57
about 24 hours ago by Johnny905
about 24 hours ago by Johnny905
May 30, 1:11PM Street Insider
May 29, 11:49AM Street Insider
May 29, 7:54AM Street Insider
May 17, 9:45AM Seeking Alpha
May 17, 8:20AM Marketwire
May 16, 6:50PM ETF Database
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UNG | 16.79 | -0.12 | -0.71% | |
| UNFI | 50.70 | -0.11 | -0.22% | 2.477B |
| UNF | 57.22 | -0.05 | -0.09% | 1.139B |
| UNB | 18.78 | -0.35 | -1.83% | 85.32M |
| UNAM | 10.59 | +0.00 | +0.00% | 56.55M |
| UN | 31.36 | +0.08 | +0.26% | 93.21B |
| UMX | 30.54 | +0.00 | +0.00% | |
| UMPQ | 12.83 | +0.04 | +0.31% | 1.431B |
| UMH | 10.13 | -0.18 | -1.75% | 160.94M |
| UMDD | 64.90 | -0.61 | -0.93% |
