Beta

Y
Yes, correlation is what I am really looking for. If the market is up will a higher beta stock be more likely to be up as well. Is guess that is true then?

Is there anything else that tracks correlation to th markets movement.

 

Yes. That is correct.

Not sure what you are asking in your second question.

 

My second question was asking if there is anything else that tracks correlation to the markets movement other than beta.

 

You can track dispersion but that generally involves a lot of calculations from options prices.

Otherwise Beta is probably a good variable.

 

How does the beta of a stock that does the opposite of the market look?

 

Negative.