TMCnet News
St. Joe has the Highest Beta in the Diversified Real Estate Activities Industry (JOE, BAM, TRC, CTO, OBAS)Apr 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Diversified Real Estate Activities 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.St. Joe ranks highest with a a beta of 1.2. Following is Brookfield Asset Management with a a beta of 1.0. Tejon Ranch ranks third highest with a a beta of 0.9. Consolidated-Tomoka Land follows with a a beta of 0.9, and Optibase rounds out the top five with a a beta of 0.4. SmarTrend recommended that its subscribers protect gains by selling shares of St. Joe on February 26th, 2013 by issuing a Downtrend alert when the shares were trading at $21.83. Since that call, shares of St. Joe have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
