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Re: AIM1979 post# 37982

Wednesday, 08/27/2014 11:02:29 PM

Wednesday, August 27, 2014 11:02:29 PM

Post# of 47066
Thanks AIM1979.

You probably have read this on the boards but, one of the things some look at is the beta as entered in value line (every place you screen, has a different computational methodology). Betas around 1.5 to 2 is generally where I look. others look around 1.25 to 1.75. Once you get above 2, there may be too much risk. On Tom's old site, look for Perverse Investment candidates (PIC) for some interesting selection ideas. To me though, Beta for an ETF like TQQQ at 2.83 to 3.15 is a bit too high (Checked on morningstar as I don't have value line ETF screener). Volatility is key but not too much.


Very good point to include for screening. The 52 week range doesn't seem to directly relate to beta at any place I have looked at. I don't recall which post I saw the 52 week range suggestion and wading through them to find that one tidbit is a bit tough, alas.

It might be real nice if all these various ways of looking at possible positions, no matter who from or if they have different metrics approaches, all in one sticky post.

Warmest Regards,

Allen

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