[quote=moneymaker]Yes I read the wiki before posting, I was just wondering if anybody else really paid attention. I personally would call Apple volatile, but a beta of .66 would indicate non volatility.[/quote]Actually, with a beta of 0.66, it would be ‘less volatile’ relative to related stocks. If other related stocks move up $1.00, AAPL would move $0.66 relative to market (swing movement/market volatility movement). Likewise if the market moves down $1.00, AAPL would move down $0.66.
[quote=dumbrenter]Isn’t the volatility defined relative to an index? If the market goes down 10% and your stock does the same, then there is no volatility at all.[/quote] But this is measured with a beta index of 1.0. If it moves opposite of the market, it would be -1.0.
