Spectrum Brands beta

Beta of Spectrum Brands Holdings, Inc.

0.87
BETA indicates whether a stock is more or less volatile than the market as a whole. A beta less than 1 indicates that the stock is less volatile than the market, while a beta more than 1 indicates that the stock is more volatile. Volatility is measured as the fluctuation of the price around the mean.

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.


About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc. manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances. The company's Hardware & Home Improvement segment provides hinges, security hardware products, screens and storm doors, garage doors, window hardware and floor protection products; knobs, levers, deadbolts, handle sets, and electronics; commercial doors, locks, and hardware products; and kitchen, bath, and shower faucets, as well as other plumbing products. Its Global Pet Supplies segment offers dog, cat, and small animal food and treats; clean-up and training aid products and accessories; pet health and grooming products; and aquariums and aquatic health supplies. The company's Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents; household insecticides and pest controls; and personal use pesticides and insect repellent products. Its Global Auto Care segment offers protectants, wipes, tire and wheel care products, glass cleaners, leather care products, and air fresheners and washes; automotive fuel and oil additives, and functional fluids; and do-it-yourself air conditioner recharge products, refrigerant and oil recharge kits, and sealants and accessories. The company sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, construction companies, and original equipment manufacturers in North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific regions. The company was founded in 1906 and is headquartered in Middleton, Wisconsin. Spectrum Brands Holdings, Inc. is a subsidiary of HRG Group, Inc.

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