A.I.M. Users Bulletin Board

[Mr Core Position]

Hello Cap: Beta...
Isn't the beta of the market "as a whole" equal to 1.00 by definition?
Yes.
But frankly, I don't pay that much attention to beta. And that is evidenced by I don't really know or care which "market" is the baseline. The Dow? The S&P500? 100? Rusell 5000 (or more)...
I, myself, look first to low-price stocks because of that SRV rule of thumb, then rather than looking for beta, run a ZIG-ZAG with different percentages to see which had good sized action -- zigs and zags -- percentwise -- within a couple of years.
If I recall correctly, I think Tom and some others like the Zig-Zag also. Maybe someday, I will add something about that, along with the SRV.
Regards,