Highest Beta in the Automobile Manufacturers Industry Detected in Shares of General Motors (GM, TSLA, F, WGO, THO)
Below are the three companies in the Automobile Manufacturers 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.
General Motors ranks highest with a a beta of 1.2. Following is Tesla Motors Inc with a a beta of 1.1. Ford Motor ranks third highest with a a beta of 1.0.
Winnebago Industries follows with a a beta of 1.0, and Thor Industries rounds out the top five with a a beta of 0.8.
SmarTrend recommended that subscribers consider buying shares of Thor Industries on July 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $68.42. Since that recommendation, shares of Thor Industries have risen 9.2%. We continue to monitor Thor Industries for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest beta General Motors tesla motors inc ford motor winnebago industries thor industries