Beta, as you probably know, is a measure of the volatility,
or systematic risk, of a security or a portfolio in comparison to the market as
a whole. A beta of 1 indicates a stock that rises and falls in sync with the
market. The stocks listed here have a current beta of three or more so when the
market moves, these stocks tend to have price swings that are much greater. The only other parameters for screening these
high beta stocks are a price range between 5 and 50, and an average volume
greater than 500,000. More importantly,
you must continue to believe in a market that never declines without immediate
recovery, and a typically strong December finish if you plan to hold through the end of the year.
These individual stocks are in various stages of "dippiness" except for Ferro Corp. although a lower open
today could provide an opportunity.
Symbol, Name, Beta, Current Stock Price
Keep in mind that high beta stocks will fall faster than a drunk monkey wearing high heels if the market decides to dip in a big way.
