Beta is a systemic measure of a stock's volatility in relation to the market (Market Risk). By definition, the market has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market. A stock that swings more than the market over time has a beta above 1.0. If a stock moves less than the market, the stock's beta is less than 1.0. High-beta stocks are supposed to be riskier but provide a potential for higher returns; low-beta stocks pose less risk but also lower returns.
More info on Beta is found here.
In my opinion, high-beta is useful in finding opportunity for short-term play (trading) but not for long-term investing.
SUMMARY of Chart
High Volatility Sectors - Oil & Gas, Basic Materials, Consumer Goods,
Low Volatility Sectors - REIT, Real Estate, Fledgling, Healthcare
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