What stock has the highest beta?
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What stock has the highest beta?
Here’s a look at the eight S&P 500 stocks with the highest betas, according to Finviz.
- Advanced Micro Devices, Inc.
- United Rentals, Inc.
- Freeport-McMoRan Inc (NYSE: FCX), 2.51 beta.
- Devon Energy Corp (NYSE: DVN), 2.38 beta.
- Marathon Oil Corporation (NYSE: MRO), 2.31 beta.
- SVB Financial Group (NASDAQ: SIVB), 2.19 beta.
What is the S&P 500 High beta index?
The S&P 500® High Beta Index measures the performance of 100 constituents in the S&P 500 that are most sensitive to changes in market returns. The index is designed for investors initiating a bullish strategy or making a directional bet on current markets.
What does a beta of 1.09 mean?
Key Takeaways. Beta indicates how volatile a stock’s price is in comparison to the overall stock market. A beta greater than 1 indicates a stock’s price swings more wildly (i.e., more volatile) than the overall market. A beta of less than 1 indicates that a stock’s price is less volatile than the overall market.
What is the highest a stock has risen in a day?
One day after Meta’s staggering loss, another tech giant set a new record for single-day gains. On January 4, 2022, Amazon (AMZN)’s market capitalization rose by $190 billion in a single day, beating out Apple’s record of $179 billion a week earlier.
How do I find high beta stocks?
Finding beta of a stock using formula
- Get the historical prices for the desired stock.
- Get the historical prices for the comparison benchmark index.
- Calculate % change for the same period for both the stock and the benchmark index.
- Calculate the Variance of the stock.
- Find the covariance of the stock to the benchmark.
What does a beta of 0.70 mean?
Anything less than 1 represents an asset less volatile than the market, while greater than 1 suggests a more volatile asset. For example, a beta of 1.2 means the asset is 20% more volatile than the market. Conversely, a beta of 0.70 is theoretically 30% less volatile than the market.
What is a good beta number in stocks?
Stocks with a value greater than 1 are more volatile than the market (meaning they will generally go up more than the market goes up, and go down more than the market goes down). Stocks with a beta of less than 1 have a smoother ride as their moves are more muted than the market’s.
What stock has the biggest gain ever?
What Is the Highest Stock Price Ever? Berkshire Hathaway holds the title for having the highest stock price—$445,000.
What is the beta for Coca Cola?
Stock Price History
| Beta (5Y Monthly) | 0.56 |
|---|---|
| 52-Week Change 3 | 15.52% |
| S&P500 52-Week Change 3 | -10.69% |
| 52 Week High 3 | 67.20 |
| 52 Week Low 3 | 52.28 |
Is Amazon a high beta stock?
Despite its successes, the company remains open to competitors as well as razor-thin profit margins. The company’s stock has a beta of around 1.3 and trailing P/E ratio of 138x, making it still a highly speculative investment fueled by anticipation of even greater growth ahead.
What is considered good beta?
What is a good beta for a stock portfolio?
Beta is used as a proxy for a stock’s riskiness or volatility relative to the broader market. A good beta will, therefore, rely on your risk tolerance and goals. If you wish to replicate the broader market in your portfolio, for instance via an index ETF, a beta of 1.0 would be ideal.
Is Apple a high beta stock?
Of course, we can argue about the exact definition of the speculative stock, but one thing is certain — Apple has become a high-beta stock.
