Wednesday, April 29, 2009
Brian Richards :: Townhall.com Columnist
The Market's 10 Most Volatile Stocks
by Brian Richards
Vote on It:
Average Vote:
[+] Text [-]
 
 

Over the past year, we've seen unprecedented levels of volatility in the stock market. Last week, Fool guest contributor Brad Hessel broke the data down:

In 59 years, there were a total of 14 days in which the index moved up or down 7% to 9%. Six of those days were in 2008 -- five of them in the fourth quarter alone. In a "normal" quarter, the index moved less than half a percent up or down on an average of 32 or 33 trading days. In the fourth quarter of 2008, there were only four such days.

Today, I thought it would be instructive to review the market's 10 most volatile stocks over just the past year.

Before we get to the list ...
Let me just say that for purposes of this screen, the proxy for "volatility" is "beta." Beta isn't quite the same thing as volatility, but it will suffice for our purposes.

A quick refresher: A beta of 1.0 means a stock moves in lockstep with the S&P 500 (the normal standard for "the market"). If a stock has a beta higher than 1.0, it moves more than the market on the upside and on the downside. A beta of 0.5, then, means the stock is half as volatile as the larger market.

Here are the highest-beta stocks of the past year:

Company

1-Year Beta

1-Year Price Change

Las Vegas Sands (NYSE: LVS)

4.11

(89.5%)

Fannie Mae (NYSE: FNM)

4.10

(97.1%)

Hertz Global Holdings (NYSE: HTZ)

4.01

(37.1%)

DineEquity (NYSE: DIN)

3.99

(49.2%)

Citigroup (NYSE: C)

3.68

(87.6%)

Century Aluminum (Nasdaq: CENX)

3.55

(94.5%) Continued...

1 2
| Full Article & Comments | Next >
Share:
Vote on It:
Average Vote:
 
About The Author

Brian Richards is a Motley Fool contributor.

Be the first to read Brian Richards' column. Sign up today and receive Townhall.com delivered each morning to your inbox.

Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
The very best in financial advice from Dave Ramsey, Larry Kudlow, Motely Fool and many more plus Dilbert!