What is beta in investing? It’s a metric that helps traders gauge market-related risk. As of June 2024, energy sector betas average 0.85 due to stable crude prices, contrasting with AI stocks whose betas hover near 1.5 amid earnings-driven rallies. The company said in the IPO filing that its ALIA CTOL electric aircraft has completed thousands of flights, covering nearly 83,000 nautical miles across operations in North America and Europe. The aircraft has been deployed by the U.S. military in training missions, and pilots from the Federal Aviation Administration have also flown it, Beta Technologies said in the IPO filing. Beta = (Stock’s % daily change and Index’s % daily change) / (Index’s % daily change.) Beta is crucial in portfolio strategy. New 2024 market reports place renewable energy stocks at 0.95 beta, suggesting near-market volatility but cushioned by policy-driven growth.
