02 JULY 2012Tradingcharts.com
Century Aluminum has the Highest Beta in the Aluminum Industry
Edited by : AL CIRCLE
1 min read
Below are the three companies in the Aluminum industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Century Aluminum ranks highest with a a beta of 2.1. Noranda Aluminum is next with a a beta of 1.9. Alumina ranks third highest with a a beta of 1.5.
Alcoa follows with a a beta of 1.5, and Kaiser Aluminum rounds out the top five with a a beta of 1.2.
SmarTrend recommended that its subscribers protect gains by selling shares of Alumina on February 14th, 2012 by issuing a Downtrend alert when the shares were trading at $5.01. Since that call, shares of Alumina have fallen 33.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Alcoa follows with a a beta of 1.5, and Kaiser Aluminum rounds out the top five with a a beta of 1.2.
SmarTrend recommended that its subscribers protect gains by selling shares of Alumina on February 14th, 2012 by issuing a Downtrend alert when the shares were trading at $5.01. Since that call, shares of Alumina have fallen 33.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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