It is well known that a graph is bipartite if and only if the spectrum of its adjacency matrix is symmetric. In the present paper, this assertion is dissected into three separate matrix results of wider scope, which are extended also to hypermatrices. To this end the concept of bipartiteness is generalized by a new monotone property of cubical hypermatrices, called odd-colorable matrices. It is shown that a nonnegative symmetric r-matrix A has a symmetric spectrum if and only if r is even and A is odd-colorable. This result also solves a problem of Pearson and Zhang about hypergraphs with symmetric spectrum and disproves a conjecture of Zhou, Sun, Wang, and Bu.Separately, similar results are obtained for the H-spectram of hypermatrices.