|
PureBytes Links
Trading Reference Links
|
UG -
That is exactly what beta means. If a stock has a beta of -2 to the
market and the market rallies 1%, the stock is expected to fall 2%. I
know, I worked on the Merrill Lynch Beta System in a previous life when
I was a computer programmer.
Steve
UG wrote:
>
> Is there an indicator that measures movement with respect to the market?
> Not Beta; that's volatility. I'm looking for something that would vary
> in value from a negative number to a positive one; a value of 1 would
> indicate the security rises in price when the market rises in price, and
> about the same amount. A value of -2 would indicate the security drops
> in price when the market rises (and vice versa), and about double the
> amount.
>
> Does such an indicator exist?
>
> --
> ========================================================================
> If God had meant us to be naked, we would have been born that way
> http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
|