Regression Statistics By Industry (US)Data Used: Multiple data services
Date of Analysis: Data used is as of January 2025
Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/indreg.xls
For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html
can be obtained by clicking here
on which companies are included in each industry
| Industry name | Number of firms | Annualized Jensen's Alpha (Last 5 years) | Beta | Correlation with the market |
| Advertising | 54 | -9.27% | 1.34 | 22.01% |
| Aerospace/Defense | 67 | 3.83% | 0.90 | 28.80% |
| Air Transport | 24 | -2.16% | 1.24 | 24.79% |
| Apparel | 37 | -4.82% | 0.99 | 23.56% |
| Auto & Truck | 34 | -3.26% | 1.62 | 25.35% |
| Auto Parts | 33 | -2.16% | 1.23 | 34.85% |
| Bank (Money Center) | 15 | 0.46% | 0.88 | 37.82% |
| Banks (Regional) | 591 | -0.69% | 0.52 | 24.44% |
| Beverage (Alcoholic) | 18 | -6.96% | 0.61 | 14.93% |
| Beverage (Soft) | 29 | 14.44% | 0.57 | 14.45% |
| Broadcasting | 22 | -16.10% | 0.92 | 21.38% |
| Brokerage & Investment Banking | 30 | 10.66% | 0.95 | 39.50% |
| Building Materials | 39 | 1.89% | 1.36 | 44.70% |
| Business & Consumer Services | 152 | -1.36% | 1.00 | 28.23% |
| Cable TV | 9 | -19.77% | 0.96 | 28.00% |
| Chemical (Basic) | 31 | -3.77% | 1.15 | 27.78% |
| Chemical (Diversified) | 4 | -4.49% | 0.99 | 30.98% |
| Chemical (Specialty) | 60 | 0.53% | 0.92 | 32.23% |
| Coal & Related Energy | 16 | 20.34% | 1.18 | 23.66% |
| Computer Services | 63 | 4.24% | 1.23 | 26.84% |
| Computers/Peripherals | 35 | 3.82% | 1.14 | 28.06% |
| Construction Supplies | 46 | 2.99% | 1.29 | 37.82% |
| Diversified | 21 | -12.20% | 1.09 | 27.14% |
| Drugs (Biotechnology) | 535 | -7.77% | 1.25 | 21.83% |
| Drugs (Pharmaceutical) | 231 | -9.50% | 1.07 | 17.54% |
| Education | 29 | 0.98% | 0.98 | 26.82% |
| Electrical Equipment | 101 | 0.66% | 1.27 | 25.29% |
| Electronics (Consumer & Office) | 11 | -6.68% | 0.92 | 22.92% |
| Electronics (General) | 122 | 4.29% | 1.06 | 28.07% |
| Engineering/Construction | 42 | 15.87% | 0.99 | 32.72% |
| Entertainment | 96 | -2.88% | 1.04 | 18.71% |
| Environmental & Waste Services | 50 | 5.60% | 0.92 | 20.40% |
| Farming/Agriculture | 35 | -4.22% | 0.98 | 20.94% |
| Financial Svcs. (Non-bank & Insurance) | 166 | 1.13% | 1.07 | 31.83% |
| Food Processing | 77 | 4.98% | 0.47 | 13.34% |
| Food Wholesalers | 14 | 5.38% | 0.72 | 27.95% |
| Furn/Home Furnishings | 28 | -4.44% | 0.87 | 23.51% |
| Green & Renewable Energy | 18 | -3.72% | 1.13 | 18.24% |
| Healthcare Products | 218 | -7.65% | 1.01 | 22.58% |
| Healthcare Support Services | 113 | -1.05% | 0.94 | 17.81% |
| Heathcare Information and Technology | 116 | -4.74% | 1.22 | 27.33% |
| Homebuilding | 30 | 10.68% | 1.43 | 42.13% |
| Hospitals/Healthcare Facilities | 33 | -2.54% | 0.86 | 22.65% |
| Hotel/Gaming | 65 | -1.50% | 1.19 | 33.34% |
| Household Products | 101 | 1.41% | 0.90 | 15.56% |
| Information Services | 16 | 13.04% | 0.98 | 33.32% |
| Insurance (General) | 22 | -0.71% | 0.76 | 21.44% |
| Insurance (Life) | 19 | 1.73% | 0.73 | 30.92% |
| Insurance (Prop/Cas.) | 53 | 4.29% | 0.61 | 23.27% |
| Investments & Asset Management | 231 | 3.13% | 0.57 | 21.64% |
| Machinery | 109 | 5.42% | 1.07 | 35.74% |
| Metals & Mining | 64 | 12.01% | 1.02 | 16.96% |
| Office Equipment & Services | 14 | -3.05% | 1.20 | 30.32% |
| Oil/Gas (Integrated) | 4 | 1.59% | 0.48 | 20.55% |
| Oil/Gas (Production and Exploration) | 147 | 5.28% | 0.88 | 17.28% |
| Oil/Gas Distribution | 24 | 8.04% | 0.75 | 25.98% |
| Oilfield Svcs/Equip. | 97 | 3.86% | 0.94 | 21.54% |
| Packaging & Container | 22 | -4.70% | 0.98 | 34.80% |
| Paper/Forest Products | 6 | -2.99% | 1.07 | 27.93% |
| Power | 48 | -0.81% | 0.54 | 23.64% |
| Precious Metals | 60 | 4.87% | 1.23 | 16.56% |
| Publishing & Newspapers | 19 | -3.42% | 0.64 | 24.88% |
| R.E.I.T. | 192 | -9.37% | 0.95 | 41.71% |
| Real Estate (Development) | 15 | -5.60% | 1.03 | 24.48% |
| Real Estate (General/Diversified) | 11 | -2.42% | 0.86 | 23.58% |
| Real Estate (Operations & Services) | 60 | -6.23% | 1.08 | 22.07% |
| Recreation | 50 | -9.18% | 1.33 | 27.94% |
| Reinsurance | 1 | 2.51% | 0.54 | 26.46% |
| Restaurant/Dining | 62 | -0.49% | 1.01 | 27.00% |
| Retail (Automotive) | 29 | -0.02% | 1.35 | 33.60% |
| Retail (Building Supply) | 13 | 1.09% | 1.79 | 46.88% |
| Retail (Distributors) | 66 | 9.07% | 1.12 | 34.75% |
| Retail (General) | 24 | 0.60% | 1.06 | 31.87% |
| Retail (Grocery and Food) | 17 | 7.90% | 0.58 | 19.18% |
| Retail (REITs) | 28 | -6.03% | 0.95 | 43.32% |
| Retail (Special Lines) | 98 | 0.49% | 1.22 | 24.31% |
| Rubber& Tires | 3 | -5.18% | 0.65 | 19.40% |
| Semiconductor | 63 | 4.93% | 1.49 | 39.61% |
| Semiconductor Equip | 30 | 9.20% | 1.48 | 43.35% |
| Shipbuilding & Marine | 8 | 17.66% | 0.58 | 24.79% |
| Shoe | 12 | 11.12% | 1.42 | 31.39% |
| Software (Entertainment) | 81 | 1.29% | 1.18 | 23.31% |
| Software (Internet) | 29 | -1.30% | 1.69 | 31.71% |
| Software (System & Application) | 333 | 1.87% | 1.24 | 27.03% |
| Steel | 27 | 10.93% | 1.06 | 32.12% |
| Telecom (Wireless) | 11 | -1.30% | 0.77 | 17.67% |
| Telecom. Equipment | 61 | 0.33% | 1.00 | 23.67% |
| Telecom. Services | 32 | 6.76% | 0.89 | 15.61% |
| Tobacco | 12 | -9.21% | 0.98 | 15.31% |
| Transportation | 21 | -3.93% | 1.03 | 31.90% |
| Transportation (Railroads) | 4 | -1.85% | 0.99 | 47.57% |
| Trucking | 24 | 4.03% | 1.10 | 38.14% |
| Utility (General) | 14 | -2.21% | 0.39 | 24.09% |
| Utility (Water) | 15 | -12.34% | 0.68 | 29.91% |
| Total Market | 6062 | -0.02% | 1.00 | 25.85% |
| Total Market (without financials) | 4935 | -0.28% | 1.09 | 25.93% |
Last Updated in January 2025
By Aswath Damodaran