**OFF TOPIC (no hype here, sorry thread)
Well assuming you can take the average of the individual beta's to figure a portfolio beta...**--but maybe not. I've been thinking about this because I have two volatile biotech stocks which each day seem to move in opposite directions --in fact my portfolio should have a wildly high beta, but it in fact acts quite calm day to day-- simply because I do have some (not much tho) diversification.
Part of the reason I asked is that I was hoping you, with such a reasonable basket of stocks, were a more seasoned investor than I am and have some thoughts on beta --It was actually a feeble attempt to mine some data from you.
However, I see now, based on your profile, and especially that last question (Also do you know of any companies whose stock price may benefit from the Unreal game engine), that you likely have only as much experience as I do investing (no offense) That said, your other question is a good one too, but I have not thought about it too much before now--my first reaction is that with the market saturated with first person shooters, and many more to come, maybe that is a place not to put any money.
I should probably not give any advice on the gaming companies--I tried to make some money of Microprose and the rumors failed to push the price up very much. Meanwile I have missed a nice run in my favorite-- Activision. Now I have to regroup while I wait for MPRS to jump--I see atvi is up again today, so this is really annoying me, I guess having missed the run I might as well wait for earnings next week.
**You can get the numbers off Value Line if you don't subscribe then VL may be at your local library, they have it at my library). Probably there is a website which will give you numbers--after all, Value Line won't have a few of your stocks--it doesn't have hardly any of mine! Certainly if you have any kind of trading software, it is capable of caluculating beta off historical data. |