Unit Corporation (UNT)
Unit Corporation Beta: 1.532
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UNT Beta Range, Past 5 Years
| Minimum | 0.1794 | Aug 2007 |
| Maximum | 1.614 | Oct 2011 |
| Average | 1.198 |
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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UNT News
May 24, 4:46PM Seeking Alpha
May 24, 12:00PM PR Newswire
May 16, 9:14AM Marketwire
about 25 days ago by MarketBrief
May 01, 3:05PM Seeking Alpha
about 32 days ago by earningscast
Mar 23, 10:14AM Business Wire
Mar 19, 8:35AM Street Insider
about 78 days ago by MarketBrief
Mar 11, 2:56PM Seeking Alpha
Feb 29, 10:58AM Business Wire
Feb 23, 3:40PM Business Wire
Feb 21, 5:44PM Seeking Alpha
about 102 days ago by TradeIdeasQuant
Jan 17, 2:11PM Street Insider
about 142 days ago by TradeIdeasQuant
Jan 05, 12:14PM Business Wire
Dec 21, 11:17AM Business Wire
about 176 days ago by MarketBrief
about 177 days ago by MarketBrief
about 178 days ago by MarketBrief
about 179 days ago by MarketBrief
about 179 days ago by MarketBrief
about 179 days ago by MarketBrief
about 180 days ago by MarketBrief
about 183 days ago by MarketBrief
about 184 days ago by MarketBrief
about 196 days ago by MarketBrief
about 199 days ago by MarketBrief
about 206 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UNT | 38.68 | -1.11 | -2.79% | 1.935B |
| UHS | 37.30 | -1.45 | -3.74% | 3.748B |
| UHAL | 81.60 | -2.52 | -3.00% | 1.650B |
| UGP | 20.17 | -0.25 | -1.22% | 4.037B |
| UGL | 82.62 | +6.00 | +7.83% | |
| UGI | 28.38 | -0.30 | -1.05% | 3.216B |
| UGEM | 16.10 | -0.21 | -1.32% | |
| UGA | 47.67 | -1.15 | -2.36% | |
| UG | 22.20 | +0.44 | +2.02% | 100.10M |
| UFS | 77.97 | -1.14 | -1.44% | 2.858B |
