Universal Technical Institute (UTI)
Universal Technical Institute Beta: 0.8888
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UTI Beta Range, Past 5 Years
| Minimum | 0.1808 | Jan 2009 |
| Maximum | 1.305 | Mar 2008 |
| Average | 0.8551 |
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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UTI News
about 20 days ago by RecogniaEvents
May 01, 4:05PM PR Newswire
Apr 13, 9:15AM PR Newswire
Apr 04, 4:03PM PR Newswire
Mar 08, 4:59PM PR Newswire
about 99 days ago by DynamicDividend
Feb 23, 4:06PM Street Insider
about 120 days ago by earningscast
Feb 02, 4:05PM PR Newswire
Jan 20, 12:05PM PR Newswire
Dec 21, 6:57AM Benzinga
about 168 days ago by MarketBrief
Dec 14, 4:05PM PR Newswire
about 310 days ago by Benzinga
about 555 days ago by PollBB
about 591 days ago by buffalod
about 603 days ago by Trace_Urdan
about 649 days ago by traderscovellc
about 660 days ago by RicochetTrader
about 662 days ago by RicochetTrader
about 662 days ago by RicochetTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UTI | 12.19 | +0.14 | +1.16% | 297.76M |
| UTHR | 44.24 | -0.48 | -1.07% | 2.398B |
| UNL | 16.31 | +0.09 | +0.55% | |
| UNIS | 4.17 | +0.17 | +4.25% | 295.44M |
| UNH | 55.77 | -0.40 | -0.71% | 58.70B |
| 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 |
