If you are in trading you must study lot more than you think and learn this is one method of trading styles. Beta is a volatility measurement compared to the market (benchmark) returns. It is calculated using regression analysis. If the Beta is greater than 1. Let say 1.5 it means the stock has the tendency to move 50% more than the benchmark index i.e if the index moved 1% then the stock would have moved 2% in terms of returns(either positive or negative).
If the Beta is 0.5 then it means the stock will make only 1% returns for every 2% returns in index and if beta for a stock is less than 1 then such stocks are termed as low beta stock. If the Beta = 1 then both the stock and the benchmark index move in the same direction and yields the same returns.
How ToFind High Beta Stocks
If Beta of a stock is more than 1.5% then such stocks are terms as high beta stock. Which relatively shows more volatility than the benchmark Index. Generally intraday traders and short term positional traders trade high beta stocks to generate high returns by taking high risk.
The Beta of the stock constantly vary with respect to time. So a high beta stock over a period of time may not be a high beta stock as it beta change with time.
How to Install High Beta Scanner?
1)Download the High Beta Scanner to your local machine -> Unzip it and save it in your Program Files->Amibroker->Formulas->Exploration Folder and Set the Benchmark Index in the AFL code line 3. In my case i opted NIFTY-I as the benchmark index
2)Open New Analysis -> Settings -> Choose Periodicity as Daily
3)Select All Symbols from the Apply To drop down menu
4)Select the range option to 1 Recent Day(s)
5)Press Explore Button
6)You are Done
Download High Beta Stocks Amibroker Afl
[button color=”green” size=”medium” link=”https://drive.google.com/uc?export=download&id=0B2jkDv1jvc1NMDB0S0lYZWVLXzA” icon=”” target=”true”]Download Now[/button]
Subscribe to Blog via Email
Funny4 months ago
35 Funny Good Morning Quotes Pictures And Images Messages
Love Quotes4 months ago
117 Broken Heart Quotes And Heartbroken Sayings
Love Quotes3 months ago
28 Best Romantic Quotes That Express Your Love (With Images)
Love Quotes3 months ago
38 Sad Breakup Quotes That Will Help You Ease Your Pain
Life Quotes4 months ago
31 Relationship Quotes Pictures, Photos, Images, and Pics
Life Quotes3 months ago
31 Good Night Quotes For Her Really Cute Text Messages
Trading system2 months ago
15 Pips Forex Scalping System – very accurate trading system for Intraday
Indicators2 months ago
100 Pips Today Scalper – Free Forex Trading Indicator