Exeter Resource Corporation (XRA)
Exeter Resource Corporation Beta: 1.037
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XRA Beta Range, Past 5 Years
| Minimum | 1.019 | Jan 2012 |
| Maximum | 1.697 | Feb 2010 |
| Average | 1.334 |
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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XRA News
Jun 01, 2:15PM Street Insider
Jun 01, 11:23AM Street Insider
about 40 days ago by RecogniaEvents
about 60 days ago by Exeter_Resource
about 85 days ago by Exeter_Resource
about 88 days ago by Exeter_Resource
about 123 days ago by TradeIdeasQuant
about 134 days ago by Exeter_Resource
about 135 days ago by Exeter_Resource
about 137 days ago by Exeter_Resource
about 142 days ago by Exeter_Resource
about 184 days ago by SeanBrodrick
about 200 days ago by Exeter_Resource
Sep 13, 6:35AM FlyOnTheWall
Sep 13, 6:31AM Benzinga
about 270 days ago by Tr8r_x
about 270 days ago by fallondpicks
Jul 26, 6:30AM Marketwire
about 331 days ago by 60SecondStocks
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| XRA | 2.04 | +0.22 | +12.09% | 179.23M |
| WF | 27.54 | -0.51 | -1.83% | 7.398B |
| WEYS | 22.67 | -0.69 | -2.95% | 247.78M |
| WEX | 0.552 | +0.00 | +0.00% | 2.042M |
| WETF | 6.56 | -0.12 | -1.80% | 795.60M |
| WESTD | 0.1849 | -0.02 | -9.76% | |
| WEST | 0.1849 | -0.02 | -9.76% | 3.108M |
| WES | 42.46 | -1.63 | -3.70% | 3.854B |
| WERN | 23.38 | -0.96 | -3.94% | 1.703B |
| WEN | 4.67 | +0.08 | +1.74% | 1.821B |
