Top Automobile Manufacturers with Highest Betas
The three companies with the highest betas in the Automobile Manufacturers industry are likely to be riskier investments, but may also offer the potential for higher returns. Among these companies, General Motors has the highest beta of 1.4, followed closely by Tesla Motors Inc with a beta of 1.2. These high beta stocks are closely monitored by SmarTrend to provide timely trend change alerts to its subscribers. Tesla Motors Inc was a specific recommendation by SmarTrend on April 6th, 2015, which has resulted in a 14.3% increase in shares since then.
Key Takeaways:
- General Motors has the highest beta of 1.4 among Automobile Manufacturers, indicating higher volatility and risk.
- Tesla Motors Inc has a beta of 1.2, ranking second highest in the industry, and has seen a 14.3% increase in shares since SmarTrend's recommendation on April 6th, 2015.
- Winnebago Industries and Ford Motor have betas of 1.1, indicating moderate volatility and risk.
- Thor Industries has the lowest beta of 0.9 in the top five, indicating relatively stable stock performance.
- SmarTrend uses advanced analytics to monitor over 5,000 securities in real-time, providing timely trend change alerts to its subscribers.
- SmarTrend's proprietary technology helps investors make informed decisions by identifying new trends and alerting subscribers immediately.
Statistics:
- General Motors' beta: 1.4
- Tesla Motors Inc's beta: 1.2
- Winnebago Industries' beta: 1.1
- Ford Motor's beta: 1.1
- Thor Industries' beta: 0.9
- Tesla Motors Inc's share price increase since SmarTrend's recommendation: 14.3% (April 6th, 2015 to present)
- Date of SmarTrend's recommendation for Tesla Motors Inc: April 6th, 2015
- Number of securities monitored by SmarTrend: over 5,000
Sources:
- SmarTrend(R) News Watch via COMTEX
- SmarTrend.com (website)
- MySmarTrend.com (website)