This document contains stock data including company name, alpha, beta, R-squared, and Zack's reported beta. It notes that Zack's betas for IBM and AEP are lower than what was calculated in the regression, while Zack's beta for MMM is higher. Possible reasons for the differences include using different indexes, time periods of data, methods of calculating stock and market returns, and whether dividends were included.
This document contains stock data including company name, alpha, beta, R-squared, and Zack's reported beta. It notes that Zack's betas for IBM and AEP are lower than what was calculated in the regression, while Zack's beta for MMM is higher. Possible reasons for the differences include using different indexes, time periods of data, methods of calculating stock and market returns, and whether dividends were included.
This document contains stock data including company name, alpha, beta, R-squared, and Zack's reported beta. It notes that Zack's betas for IBM and AEP are lower than what was calculated in the regression, while Zack's beta for MMM is higher. Possible reasons for the differences include using different indexes, time periods of data, methods of calculating stock and market returns, and whether dividends were included.
Zacks betas for IBM and AEP are lower than from the regression. Zacks beta for MMM is higher than from the regression. Why might they be different (What may we have done differently than Zacks? What assumptions did we make?) The betas may be differently because Zacks may not have used the S&P 500 index in the data analysis to retrieve the beta, like we did, or they may not have used two years worth of data as well. Along with that, we calculated the beta using daily HPRs, while Zacks beta may be calculated using monthly, quarterly, or semiannual HPRs. We also assumed that we found the HPR with just the closing prices and Zacks may have used a combination of closing prices, opening prices, and adjusted closing prices to retrieve the HPR. It may also depend on whether on not dividends are included. Our measurements do not include dividends. Lastly, we calculated our betas using S&P 500 index, while Zacks beta could have used the Dow Jones.