Steel Works Etc Companies By Beta

Equity Type

Price

Concentration

			Equity Type	Price	Concentration	Beta	Efficiency	Market Risk	Exp Return
1	CENX	Century Aluminum	Stock	19.32	Metals & Mining, Materials, Basic SP Small-Cap 600, NASDAQ Composite Total, Composite, Iron, Aggressive Defence, Steel Works Etc, Aluminum, Materials	2.68	0.03	4.85	0.16
2	AA	Alcoa Corp	Stock	33.95	Metals & Mining, Materials, Basic NYSE Composite, BETTERINVESTING 100 INDEX, SP Midcap 400, Steel Works Etc, Aluminum, Materials	2.55	(0.06)	2.84	(0.17)
3	HUDI	Huadi International Group	Stock	1.56	Diversified Metals & Mining, Materials, Basic NASDAQ Composite, Iron, Steel Works Etc, Steel, Materials	2.28	0.01	4.46	0.03
4	CSTM	Constellium Nv	Stock	11.35	Metals & Mining, Materials, Basic NYSE Composite, Steel Works Etc, Aluminum, Materials	2.13	0.06	3.24	0.21
5	SID	Companhia Siderurgica Nacional	Stock	1.77	Metals & Mining, Materials, Basic NYSE Composite, Iron, Steel Works Etc, Steel, Materials	1.93	0.11	3.46	0.37
6	GSM	Ferroglobe PLC	Stock	3.82	Diversified Metals & Mining, Other Industrial Basic Materials, NASDAQ Composite Total, Composite, Steel Works Etc, Materials	1.88	0.02	2.77	0.05
7	X	United States Steel	Stock	40.9	Metals & Mining, Materials, Basic NYSE Composite, SP TSX Midcap 400, Iron, Steel Works Etc, Steel, Materials	1.86	0.16	3.04	0.49
8	MT	ArcelorMittal SA ADR	Stock	31.58	Metals & Mining, Materials, Basic NYSE Composite, AEX Amsterdam Index, SBF 120, CAC 40, All Shares, Tradable, 40 Gross, All-Tradable, Large 60, All-Tradable Net, 120 Iron, Power Assets, ESG Investing, Manufacturing, Steel Works Etc, Steel, Materials	1.8	0.19	3.06	0.57
9	TWI	Titan International	Stock	8.72	Agricultural & Farm Machinery, Heavy Construction Industrials, NYSE Composite, SP Small-Cap 600, Farming, Iron, Steel Works Etc, Industrials	1.78	0.13	3.47	0.44
10	BWEN	Broadwind Energy	Stock	1.44	Heavy Electrical Equipment, Specialty Industrial Machinery, Industrials, NASDAQ Composite Total, Composite, Steel Works Etc, Energy, Industrials	1.71	(0.07)	3.75	(0.27)
11	BOOM	Dmc Global	Stock	8.77	Oil & Gas Equipment Services, Conglomerates, Industrials, NASDAQ Composite Total, Composite, Steel Works Etc, Energy, Energy	1.6	0.17	2.99	0.50
12	NUE	Nucor Corp	Stock	122.01	Metals & Mining, Materials, Basic NYSE Composite, SP 500 Index, Power Assets, Macroaxis Picks, Manufacturing, Steel Works Etc, Steel, Materials	1.6	0.05	2.16	0.11
13	CRS	Carpenter Technology	Stock	183.81	Metals & Mining, Metal Fabrication, Industrials, NYSE Composite, SP Midcap 400, Steel Works Etc, Materials, Industrials	1.55	0.05	3.07	0.15
14	ASTL	Algoma Steel Group	Stock	6.15	Diversified Metals & Mining, Materials, Basic SP TSX Composite, Karachi All Share, NASDAQ Iron, Steel Works Etc, Steel, Materials	1.47	(0.20)	3.45	(0.68)
15	ASTLW	Algoma Steel Group	Stock	0.41	Diversified Metals & Mining, Materials, Basic Steel Works Etc, Steel, Materials	1.47	(0.23)	7.51	(1.74)
16	PKX	POSCO Holdings	Stock	51.93	Metals & Mining, Materials, Basic NYSE Composite, Iron, Steel Works Etc, Steel, Materials	1.43	0.10	2.77	0.26
17	FRD	Friedman Industries	Stock	17.2	Metals & Mining, Materials, Basic Steel Works Etc, Steel, Materials	1.42	0.06	3.12	0.18
18	SPLP	Steel Partners Holdings	Stock	41.33	Industrial Conglomerates, Capital Goods, Industrials, Steel Works Etc, Industrials	1.37	0.00	3.09	0.02
19	HWM	Howmet Aerospace	Stock	130.85	Aerospace & Defense, Industrials, NYSE Composite, SP 500 Index, Steel Works Etc, Industrials	1.37	0.14	2.13	0.31
20	KALU	Kaiser Aluminum	Stock	66.28	Metals & Mining, Materials, Basic SP Small-Cap 600, NASDAQ Composite Total, Composite, Plastics, Iron, Steel Works Etc, Aluminum, Materials	1.37	(0.03)	1.98	(0.06)

The analysis above is based on a 90-day investment horizon and a default level of risk. Use the Portfolio Analyzer to fine-tune all your assumptions. Check your current assumptions here.

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time. In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

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Steel Works Etc Companies By Beta

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