So today i've been having a relatively good day. 1st week of classes so everythings nice and easy, yesterday was phenominal for AKS and COIN, so i wasn't too worried about getting to a computer durring class. Today, however, seems to be on the rough side for most stocks. Luckily, my portfolio has a few stocks with something I thought would be nice to have in a market that refuses to be kind to the investors, a BETA rating of 0.

Here's a quick overview for thoose who have no clue about what BETA is.

BEAT is a measure of how a certain stock reacts to the maket condition.

BETA is measured between 0 and 2.

A BEAT of 2 means the stock tends to over react to the market conditions. BETA of 1 means the stock reacts apropriately to the market conditions. A BETA of 0 tells you that the stock reacts independantly of the market condition.

 So anyways, my 2 favorite stocks that i own are AKS and COIN, and both are having quite opposite reactions today, so I looked at their BETA values. AKS, being down 2.75% today, has a BETA value of 1.6 (a little over reactive to the market, which is down a bit today) whereas COIN, who is up 3.5%, has a BETA rating of 0 (it reacts independant of the market). So as I browsed through my portfolio, noticed that my stocks that are up today have a BETA of 0, whereas anything over 0.6 is pretty much down.

Maybe that's just an odd coincidence, I am still learning about BETA  and the other greeks, but it is definately something I am going to start watching in stocks.

Alright, well I think I'm done pontificating for the day. Have fun out there investors.

And don't forget to use protection! You never know when a stop limit could save your money! 

Vince,

There is a nice site on the web to look at Beta on a security.   It lists stocks which are correlated and those which are negative correlated.

Will go there and post back here on COIN and AKS.

COIN seeker,

JB

 Vince,

One site is  https://www.ssgafunds.com/resources/correlation_tracker.html

 This is a neat way of creating a delta neutral portfolio.  Ie two stocks which are uncorreltated and move in opposite directions than the overall market.

Below is a copy of the aks correlation tracer output.

COIN stats are not available there.

No data available for this ticker. Enter Symbol Correlation Tracker State Street G

lobal Advisors ETFs
High CorrelationLow Correlation

Locogmac: I was looking at beta on the "Quote" tab under quotes+news+research, however, the sites in the comments above me seem to be good as well.

Serge & Jim: thanks for the info guys! like i said above, i'm still learning these things and i appreciate all the info i can get.