PortBeta — What Is It?
A measure of an instrument's sensitivity to overall market movements.
Explanation
A beta of 1 means the instrument moves roughly in line with the market. Above 1, it moves more; below, it moves less. A negative beta would indicate movement in the opposite direction, which is rare among stocks.
Beta describes past performance and can change. A leveraged company typically has a higher beta than the same company without debt, because every fluctuation in earnings impacts shareholders' equity more significantly.
Example
A company with a beta of 1.4 historically gained about 14% when the index rose by 10% — and lost the same amount when it fell.
Related Terms
See Live Beta
Portevo displays this and dozens of other metrics for specific companies, along with an earnings calendar and your portfolio.
Portevo is not an investment advisor. The data and analyses are for informational and educational purposes only and do not constitute a recommendation or an offer to buy or sell financial instruments. Quotes are from external providers and may be delayed. You make investment decisions at your own risk.
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