Once you own shares in Cray Inc., think about how it contributes to your portfolio volatility. In finance management, beta is a metric of volatility, which is considered a measure of risk in modern finance reports. Investors should know that volatility has falling into two main categories. The first one is company specific volatility, and here investors use diversification across uncorrelated stocks to minimize price volatility with the portfolio.
Another one is which cannot be diversified away, is the volatility of the entire market. Each stock in the market is exposed to this volatility, which is linked to the fact that stock prices are connected in an active market. Let’s see certain useful details about cray stock at https://www.webull.com/newslist/nasdaq-cray in the upcoming session, which will help a lot when you buy it.
Know about Cray’s beta value
In the last five years, Cray has a beta of 1.38, which is well above one indicates that its share price movements have shown sensitivity to overall market volatility. Investors should be aware that Cray is likely to rise in times of greed, but sell-off in times of fear. People will argue that beta is helpful in position sizing, but fundamental metrics such as revenue and earnings are more prominent overall. So, you have to keep an eye on these two factors regularly, which is more important before you make a final decision.
What does Cray stock mean for you?
The beta only tells that the Cray share price is sensitive to broader market movements. This could indicate that it is a high growth company by sentiment because it is speculative. Meanwhile, it could have operating leverage in its business model. Undoubtedly, beta is an interesting metric, but there are more important facts to learn. To understand whether Cray is a good investment for you and also need to consider company-specific fundamentals such as Cray’s financial status, performance track record, and keep an eye on the latest price company announcements.
You should know Cray’s operations financially sustainable or not. Balance sheets can be hard to analyze, which is crucial for you. Check track record if they have been consistently performing well, irrespective of the market’s ups and downs. For this, go into more detail in the past performance analysis and take a look at the free visual representation of cray stock historical for more clearness. Instead of other stocks that provide better prospects with proven track records. Few investors can influence the price of a smaller company when compared to a large company. You can also check uaa stock at https://www.webull.com/quote/nyse-uaa .
