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High BETA stocks & Low BETA stocks
through January 20, 2023


The BETA of a stock is the degree of correlation between that stock and a specific stock index.  In our case, we use the $SPY, or the S&P 500 Index ETF to calculate annual BETA based on daily adjusted close prices. 

A stock with a very high BETA exaggerates and amplifies the movements of stock index. High BETA stocks may be more risky, as they act as a leveraged 'bet' on the overall stock market.  

A stock with a very low BETA moves very little relative to the overall market, and in some cases moves independently to the exchange.  As an example, Kellogg stock moves with customer's preference for Tony the Tiger on their cereal box and likely not due to economic conditions. 
Stocks with low BETA tend to be seen as safe and less volatile.

If the overall US equities markets move, high BETA stocks tend to move more, and low BETA stocks tend to move less, all other conditions being equal.

We see fewer high and low BETA stocks in the past few weeks. This trend continues. It is like stocks are blowing out their correlations due to over-trading and sector / stock rotations by the 'big money' people.

We see fewer high and low BETA stocks of profitable companies.
50 Highest BETA Stocks
    0 AFRM    Affirm Holdings Inc                                     2.99384
    1 NVTA    Invitae Corp                                            2.77586
    2 CVNA    Carvana Co.                                             2.68804
    3 REAL    Therealreal Inc                                         2.59124
    4 MARA    MARATHON DIGITAL HOLDINGS  INC.                         2.54550
    5 MSTR    Microstrategy Inc.                                      2.48041
    6 APPS    Digital Turbine Inc                                     2.44909
    7 AMRS    Amyris Inc                                              2.44145
    8 COIN    Coinbase Global Inc                                     2.43306
    9 U       Unity Software Inc                                      2.42457
   10 TNA     Direxion Dialy Small Cap Bull 3X Shares                 2.37913
   11 W       Wayfair Inc                                             2.37897
   12 ASAN    Asana Inc                                               2.31935
   13 CDLX    Cardlytics Inc                                          2.28955
   14 RIOT    Riot Platforms Inc                                      2.27142
   15 PACB    Pacific Biosciences of California Inc                   2.27091
   16 UPST    Upstart Holdings Inc                                    2.27077
   17 NET     Cloudflare Inc                                          2.23255
   18 SQ      Block Inc                                               2.21727
   19 CFLT    Confluent Inc                                           2.21541
   20 CLSK    Cleanspark Inc                                          2.18959
   21 HCP     HashiCorp Inc                                           2.17232
   22 ACCD    Accolade Inc                                            2.16595
   23 TSP     TuSimple Holdings Inc                                   2.16427
   24 TGTX    TG Therapeutics Inc                                     2.13160
   25 FUBO    fuboTV Inc. /FL                                         2.10631
   26 MGNI    Magnite Inc                                             2.09617
   27 BNGO    Bionano Genomics Inc                                    2.08915
   28 SPT     Sprout Social Inc                                       2.08600
   29 GTLB    Gitlab Inc                                              2.08147
   30 SI      Silvergate Capital Corp                                 2.05501
   31 OCGN    Ocugen Inc                                              2.04513
   32 BILL    Bill.com Holdings Inc                                   2.04463
   33 RDFN    Redfin Corp                                             2.03932
   34 SITM    SiTime Corp                                             2.03448
   35 BKKT    Bakkt Holdings Inc                                      2.02889
   36 GLBE    Global E Online Ltd                                     1.99848
   37 IBRX    ImmunityBio Inc                                         1.97833
   38 DNA     Ginkgo Bioworks Holdings Inc                            1.97562
   39 VLD     Velo3D Inc                                              1.97489
   40 FSLY    Fastly Inc                                              1.97339
   41 TTD     Trade Desk Inc                                          1.95501
   42 COMP    Compass Inc                                             1.95370
   43 QS      QuantumScape Corp                                       1.95096
   44 YELL    Yellow Corporation                                      1.95032
   45 SFIX    Stitch Fix Inc                                          1.94944
   46 ADPT    Adaptive Biotechnologies Corp                           1.94594
   47 MNDY    Monday.Com Ltd                                          1.94526
   48 SANA    Sana Biotechnology Inc                                  1.94344
   49 FVRR    Fiverr International Ltd                                1.94276
50 Lowest BETA stocks (but still > 0.01):
​
​

    1 SHY     iShares 1-3 Year Treasury Bond ETF                      0.01933
    2 GEN     Gen Digital Inc                                         0.03644
    3 TFIN    Triumph Financial Inc                                   0.04784
    4 TLT     iShares 20+ Year Treasury Bond ETF                      0.05188
    5 USO     United States Oil Fund                                  0.07408
    6 AAAU    Goldman Sachs Physical Gold ETF                         0.07438
    7 SPRY    ARS Pharmaceuticals Inc                                 0.07703
    8 K       Kellogg Co                                              0.08579
    9 FBIN    Fortune Brands Innovations Inc                          0.08753
   10 BCLI    Brainstorm Cell Therapeutics  Inc.                      0.09672
   11 ELV     Elevance Health Inc                                     0.09869
   12 LFCR    Lifecore Biomedical Inc                                 0.10178
   13 CPB     Campbell Soup Co.                                       0.10772
   14 PNM     PNM Resources Inc                                       0.11679
   15 SJM     J.M. Smucker Co.                                        0.12035
   16 VVX     V2X Inc                                                 0.12439
   17 GIS     General Mills  Inc.                                     0.12988
   18 ELME    Elme Communities                                        0.13579
   19 KHC     Kraft Heinz Co                                          0.13602
   20 HRL     Hormel Foods Corp.                                      0.13876
   21 LMT     Lockheed Martin Corp.                                   0.14891
   22 TNP     Tsakos Energy Navigation Limited                        0.15942
   23 BMY     Bristol-Myers Squibb Co.                                0.16022
   24 MRK     Merck & Co Inc                                          0.16184
   25 PXS     Pyxis Tankers Inc                                       0.16215
   26 CALM    Cal-Maine Foods  Inc.                                   0.16634
   27 HSY     Hershey Company                                         0.16844
   28 NOC     Northrop Grumman Corp.                                  0.17394
   29 JNJ     Johnson & Johnson                                       0.17738
   30 UTL     Unitil Corp.                                            0.17869
   31 MO      Altria Group Inc.                                       0.18047
   32 INSW    International Seaways Inc                               0.18655
   33 CAG     Conagra Brands Inc                                      0.18947
   34 ABBV    Abbvie Inc                                              0.19052
   35 NWE     Northwestern Corp.                                      0.19326
   36 MGI     Moneygram International Inc.                            0.19808
   37 EQC     Equity Commonwealth                                     0.19832
   38 KR      Kroger Co.                                              0.20081
   39 ATVI    Activision Blizzard Inc                                 0.20333
   40 OGS     ONE Gas Inc                                             0.20952
   41 FLO     Flowers Foods  Inc.                                     0.20980
   42 UTHR    United Therapeutics Corp                                0.21034
   43 MCK     Mckesson Corporation                                    0.21147
   44 SAFT    Safety Insurance Group  Inc.                            0.21182
   45 SPOK    Spok Holdings Inc                                       0.21355
   46 LHX     L3Harris Technologies Inc                               0.21367
   47 AMGN    AMGEN Inc.                                              0.21509
   48 EIG     Employers Holdings Inc                                  0.21602
   49 FHN     First Horizon Corporation                               0.21647
Stocks with very low, positive BETA do not move with changes in the S&P 500.  They act independently of the overall market movements.  Some are consumer staples, small banks, or utilities that have not been moving very much (and demand seems impervious to economic cycles).  These may be considered safer in a downward moving market. 

Others are moving by their own force (e.g., R&D, or politically driven), like Pfizer $PFE.

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Disclaimer: 
All investing, stock forecasts, and investment strategies include the risk of loss for some or even all of your capital.  Please do your due diligence and research before investing.  Statements made on our website or in social media are not investment advice.  They do not take into account your unique circumstances, risk tolerance or investing objectives.  Please consider our website and social media outlets as for informational purposes only.

The stocks mentioned may not be suitable for all investors.  As with any investment there is risk.  Past performance is not an indication of future results.  Please do your own due diligence on any stock portfolios highlighted.  Finally, we make no guarantees for your financial results.  You bear all the risk, and gain all the rewards of your investments.

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