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Relatively High Beta Detected in Shares of Raven Industries in the Industrial Conglomerates Industry (RAVN, IEP, GE, MMM, ROP)

By Shiri Gupta

Below are the three companies in the Industrial Conglomerates 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.

Raven Industries ranks highest with a a beta of 1.3. Following is Icahn Enterprises with a a beta of 1.2. General Electric ranks third highest with a a beta of 1.1.

3M follows with a a beta of 1.1, and Roper Industries rounds out the top five with a a beta of 1.0.

SmarTrend recommended that subscribers consider buying shares of Raven Industries on March 18th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $15.63. Since that recommendation, shares of Raven Industries have risen 58.8%. We continue to monitor Raven Industries for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest beta raven industries Icahn Enterprises General Electric 3M roper industries