Beta of Horizon Bancorp (IN)
Beta is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors. The market portfolio of all investable assets has a beta of exactly 1. A beta below 1 can indicate either an investment with lower volatility than the market, or a volatile investment whose price movements are not highly correlated with the market. A beta greater than one generally means that the asset both is volatile and tends to move up and down with the market. Beta is important because it measures the risk of an investment that cannot be reduced by diversification. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. In the capital asset pricing model, beta risk is the only kind of risk for which investors should receive an expected return higher than the risk-free rate of interest.
Beta of companies in the Finance sector on NASDAQ compared to Horizon Bancorp (IN)
About Horizon Bancorp (IN)
Horizon Bancorp operates as the bank holding company for Horizon Bank, N.A. that provides commercial and retail banking services. The company offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency services, and investment management services; and sells various insurance products, as well as offers real estate investment trust services. It operates through a network of 56 full service offices in Northern and Central Indiana, and Southwestern and Central Michigan. Horizon Bancorp was founded in 1873 and is headquartered in Michigan City, Indiana.
- Horizon Bancorp (IN), 515 Franklin Square, Michigan City 46360, United States