Data and Analytics
Comprehensive data and powerful analytics designed for investing, trading, and managing risk in equity and ETF portfolios. Featuring many of the same metrics used to build our index products, including truBeta™.
truBeta™ Hot List
The truBeta Hot List highlights the top 10 US stocks increasing and decreasing their sensitivity to market moves as measured by the largest differences between Salt Financial’s proprietary truBeta forecast and a traditional beta estimate.
Heating Up
Increasing sensitivity to market moves.
| Name | Ticker | truBeta | Traditional Beta | % Diff |
|---|---|---|---|---|
| PELOTON INTERACTIVE INC | PTON | 1.25 | 0.53 | 134.5% |
| TELADOC HEALTH INC | TDOC | 1.09 | 0.42 | 157.9% |
| BJS WHOLESALE CLUB HOLDINGS | BJ | 1.04 | 0.39 | 166.3% |
| RINGCENTRAL INC | RNG | 1.16 | 0.56 | 105.9% |
| ZOOM VIDEO COMMUNICATIONS INC | ZM | 1.05 | 0.50 | 110.2% |
| FIVE9 INC | FIVN | 1.09 | 0.56 | 96.2% |
| TAKE-TWO INTERACTIVE SOFTWARE INC | TTWO | 1.09 | 0.58 | 87.5% |
| MARKETAXESS HOLDINGS INC | MKTX | 1.12 | 0.62 | 80.0% |
| DATADOG INC | DDOG | 1.25 | 0.79 | 57.4% |
| NIKOLA CORP | NKLA | 1.28 | 0.85 | 51.2% |
Cooling Off
Decreasing sensitivity to market moves.
| Name | Ticker | truBeta | Traditional Beta | % Diff |
|---|---|---|---|---|
| APACHE CORP | APA | 1.31 | 2.98 | -56.0% |
| DEVON ENERGY CORPORATION | DVN | 1.12 | 2.34 | -52.2% |
| TARGA RESOURCES CORP | TRGP | 1.11 | 2.21 | -50.0% |
| MARATHON OIL CORP | MRO | 1.12 | 2.16 | -48.2% |
| WAYFAIR INC | W | 1.22 | 2.17 | -43.6% |
| HALLIBURTON CO | HAL | 1.18 | 2.09 | -43.6% |
| INSMED INC | INSM | 0.95 | 1.83 | -48.2% |
| LINCOLN NATIONAL CORP | LNC | 1.27 | 2.11 | -39.5% |
| ROYAL CARIBBEAN CRUISES LTD | RCL | 1.36 | 2.16 | -36.9% |
| WEX INC | WEX | 1.05 | 1.80 | -41.8% |
Data as of Nov 23, 2020. The truBeta Hot List is selected from the top 1000 US stocks by market capitalization. Traditional beta is defined as an average of two historical beta calculations, one using 5 years of monthly returns and the other one year of daily returns.
For additional information on truBeta™, see the Salt Financial white paper “Quarterly Beta Forecasting with Multiple Return Frequencies”, available here.
truBeta™ Sector Heatmap
The truBeta Sector Heatmap displays current truBeta scores aggregated by sectors (top row) with a drill down to the industry level to provide a comprehensive picture of what’s moving the market. Higher truBeta values with deeper shades of red color indicate sectors and industries most sensitive to market moves whereas lower values with deeper shades of blue indicate lower sensitivity.
To view industry-level classifications, hover your mouse on the boxes below the top row sectors.