Beta readings in global shipping firms reached 1.33 amid freight rate recovery. Beta investing in this space offers cyclical play potential anchored in port congestion easing and trade route expansions. Beta Technologies said operating costs for its aircraft are 42% lower than conventional planes, citing internal estimates. The company attributes these savings to a streamlined design approach. Different asset groups might use different benchmarks to determine beta. Benchmarks vary by country and can also vary according to asset type (e.g., corporate bonds may have a different benchmark from stocks). In the United States, most stocks and funds use the S&P 500 as their benchmark, as the index represents a broad cross section of the U.S. stock market. Traders applying beta investing logic predict margin improvements from lower jet fuel prices could extend momentum.