Hi Toof, Re: BETA..............................
You are correct about Low BETA generally showing just less "amplitude" in stock price movement relative to the S&P 500. Here's what Investopedia says:
KEY TAKEAWAYS
* Beta (ß), primarily used in the capital asset pricing model (CAPM), is a measure of the volatility–or systematic risk–of a security or portfolio compared to the market as a whole.
* Beta data about an individual stock can only provide an investor with an approximation of how much risk the stock will add to a (presumably) diversified portfolio.
* For beta to be meaningful, the stock should be related to the benchmark that is used in the calculation.
* The S&P 500 has a beta of 1.0.
* Stocks with betas above 1 will tend to move with more momentum than the S&P 500; stocks with betas less than 1 with less momentum.
Best wishes,
OAG Tom
