Re: [CANSLIM] Fwd: HANDLE%

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Fwd: HANDLE%
Date: Fri, 19 Apr 2002 09:59:12 EDT

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Warren & Jon:

     Beta illustrates the volatility of the stock.  The higher the Beta the 
more the stock will rise in a bull, and fall in a bear.  Most growth stocks 
(and I believe few hi cap stocks) have steroidal betas.  Here is WON's 
definition of Beta, found in DG-Online's glossary:  

"BETA:
Measures a stock's price volatility relative to price performance of the S&P 
500 Index, over a 12-month period. Beta values range from 9.99 (positive) to 
- -9.99 (negative). A stock with a high beta coefficient (in absolute terms), 
such as 6.30 or -6.30, is likely to have greater price percentage movement 
than the S&P 500 Index. Conversely, a stock with a low Beta coefficient (in 
absolute terms), such 0.76 or -0.76, will have the tendency to rise or fall 
in price more slowly than the S&P 500 Index."

jans



In a message dated 4/18/2002 9:33:02 PM Eastern Daylight Time, 
wkeuffel@xmission.com writes:

<< I think you are talking about beta and I can't find any reference to 
 beta in HTMMIS. I suspect that low-beta stocks also have low(er) growth 
 rates. High beta is the price you pay for explosive growth. To address 
 your question directly, I would agree with your conclusion, because it 
 makes logical sense, but I have no data to back that view up.
 
 Warren
  >>

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