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What is the stock beta?


Dividend & Yield 0.49 (2.98%)
Earnings/Share 1.70
Forward P/E NA
Market Cap. 12.09 Bil
P/E 15.30
Return on Equity 20.90
Total Shares Out. 456.19 Mil

Sorry, the beta cannot be calculated from the information that you have provided.

The Beta coefficient, in terms of finance and investing, is a measure of volatility of a stock or portfolio in relation to the rest of the financial market.[1]

An asset with a beta of 0 means that its price is not at all correlated with the market; that asset is independent. A positive beta means that the asset generally follows the market. A negative beta shows that the asset inversely follows the market; the asset generally decreases in value if the market goes up.

Correlations are evident between companies within the same industry, or even within the same asset class (such as equities), as was demonstrated in the Wall Street crash of 1929. This correlated risk, measured by Beta, creates almost all of the risk in a diversified portfolio.

The beta coefficient is a key parameter in the capital asset pricing model (CAPM). It measures the part of the asset's statistical variance that cannot be mitigated by the diversification provided by the portfolio of many risky assets, because it is correlated with the return of the other assets that are in the portfolio. Beta is calculated for individual companies using regression analysis.

Real investors know that Beta is useless, thank you very much!

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