The beta on GME is -8 over the last 6 months. For those who don't know which I bet is most because I just learned this, but beta is a number used to represent how a stock moves in relation to the rest of the market. In theory there should never be a negative beta though some analysts argue precious metals should be negative ad they tend to go up in value when the dollar is not strong. Anyway, no stock should have a negative beta. GME is at -8 meaning when GME starts to ??? the rest of the market will crash and we'll witness the single greatest transfer of wealth in human history.
I don't understand how you can say something like "negative betas typically exist for non-stocks" and then proceed to completely bash the user's DD as GME is a stock.
The beta on GME is -8 over the last 6 months. For those who don't know which I bet is most because I just learned this, but beta is a number used to represent how a stock moves in relation to the rest of the market. In theory there should never be a negative beta though some analysts argue precious metals should be negative ad they tend to go up in value when the dollar is not strong. Anyway, no stock should have a negative beta. GME is at -8 meaning when GME starts to ??? the rest of the market will crash and we'll witness the single greatest transfer of wealth in human history.
I don't understand how you can say something like "negative betas typically exist for non-stocks" and then proceed to completely bash the user's DD as GME is a stock.