Systems Software Companies By Beta

Beta
BetaEfficiencyMarket RiskExp Return
1PGY Pagaya Technologies
5.97
 0.39 
 5.44 
 2.13 
2RIOT Riot Blockchain
4.54
 0.30 
 4.48 
 1.36 
3ANY Sphere 3D Corp
3.35
 0.14 
 5.70 
 0.79 
4CRNC Cerence
2.8
 0.11 
 5.83 
 0.64 
5LSPD Lightspeed Commerce
2.78
 0.20 
 2.62 
 0.52 
6PLTR Palantir Technologies Class
2.64
 0.24 
 3.71 
 0.91 
7FUBO Fubotv Inc
2.26
 0.08 
 4.34 
 0.35 
8AI C3 Ai Inc
2.04
 0.18 
 3.86 
 0.71 
9APPN Appian Corp
1.77
 0.08 
 2.48 
 0.20 
10XTKG X3 Holdings Co
1.47
 0.12 
 16.31 
 1.99 
11ALLT Allot Communications
1.39
 0.15 
 5.30 
 0.77 
12ATEN A10 Network
1.38
 0.21 
 1.59 
 0.34 
13BILL Bill Com Holdings
1.35
 0.10 
 2.43 
 0.25 
14ORCL Oracle
1.32
 0.43 
 2.62 
 1.14 
15GROV Virgin Group Acquisition
1.24
 0.13 
 5.11 
 0.67 
16ASAN Asana Inc
1.23
 0.04 
 3.48 
 0.14 
17OSPN OneSpan
1.15
 0.07 
 2.17 
 0.15 
18BB BlackBerry
1.1
 0.14 
 2.86 
 0.41 
19ZS Zscaler
1.09
 0.32 
 2.06 
 0.66 
20FTNT Fortinet
1.07
 0.10 
 2.19 
 0.23 
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.