S&P volatility: cap goods |
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Published
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Wed, 27 Jun 2007 16:40
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NEW YORK (AP) - As the first half of the year winds down, the capital goods industry group of the S&P 500 has demonstrated more volatility than the index as a whole.The group has an average 'beta value,' or measure of volatility, of 1.04, which implies that, in theory, it is 4 percent more volatile than the market in general.Within the group, the highest-volatility stock is Cummins Inc., with a beta of 1.31. The least-volatile stocks are Northrop Grumman Corp. and Lockheed Martin Corp., with betas of 0.71.Questions or comments about this story should be directed to the Financial News desk of The Associated Press at 212-621-7190.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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