Regression Statistics By Industry (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2019

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/indreg.xls

For global datasets: http://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 48 18.92% 1.22 17.11%
Aerospace/Defense 85 -4.38% 1.24 29.02%
Air Transport 18 -1.34% 1.02 33.49%
Apparel 50 -9.75% 0.93 18.27%
Auto & Truck 14 18.78% 0.79 22.84%
Auto Parts 52 -8.50% 1.17 23.04%
Bank (Money Center) 10 4.47% 0.71 45.25%
Banks (Regional) 633 6.03% 0.57 28.82%
Beverage (Alcoholic) 31 5.27% 1.30 17.03%
Beverage (Soft) 37 34.06% 1.18 19.41%
Broadcasting 24 18.16% 1.02 27.34%
Brokerage & Investment Banking 38 3.29% 1.21 41.15%
Building Materials 42 -2.72% 1.10 33.82%
Business & Consumer Services 168 1.10% 1.22 23.86%
Cable TV 14 -11.78% 1.13 49.70%
Chemical (Basic) 39 -13.01% 1.55 24.29%
Chemical (Diversified) 6 -17.51% 1.82 49.23%
Chemical (Specialty) 89 -9.79% 1.17 29.46%
Coal & Related Energy 23 20.56% 1.17 18.20%
Computer Services 119 -4.06% 1.27 23.60%
Computers/Peripherals 57 -17.64% 1.68 25.99%
Construction Supplies 48 -6.70% 1.45 33.41%
Diversified 23 -14.69% 1.36 36.71%
Drugs (Biotechnology) 481 -11.29% 1.51 22.28%
Drugs (Pharmaceutical) 237 -11.85% 1.47 19.33%
Education 35 -5.92% 1.28 21.76%
Electrical Equipment 116 -0.09% 1.32 21.34%
Electronics (Consumer & Office) 19 -14.09% 1.19 16.04%
Electronics (General) 160 -4.31% 1.02 23.68%
Engineering/Construction 52 -3.71% 1.01 32.48%
Entertainment 120 1.30% 1.33 15.55%
Environmental & Waste Services 91 -7.13% 1.19 20.11%
Farming/Agriculture 33 -2.45% 0.72 25.38%
Financial Svcs. (Non-bank & Insurance) 259 9.31% 0.70 25.43%
Food Processing 83 -0.45% 0.81 19.95%
Food Wholesalers 18 -4.42% 1.62 21.78%
Furn/Home Furnishings 30 -2.61% 0.88 23.71%
Green & Renewable Energy 21 -4.50% 1.62 14.27%
Healthcare Products 248 7.32% 1.12 23.32%
Healthcare Support Services 111 5.62% 1.15 25.09%
Heathcare Information and Technology 119 -4.50% 1.29 25.29%
Homebuilding 31 -2.60% 0.98 25.94%
Hospitals/Healthcare Facilities 34 -3.48% 1.12 24.86%
Hotel/Gaming 70 -1.71% 1.01 29.40%
Household Products 141 -1.81% 1.13 15.68%
Information Services 71 22.03% 1.12 40.66%
Insurance (General) 20 -1.38% 0.87 44.25%
Insurance (Life) 23 31.66% 1.11 48.45%
Insurance (Prop/Cas.) 50 2.95% 0.74 33.34%
Investments & Asset Management 172 14.75% 1.10 27.23%
Machinery 127 -2.89% 1.17 34.88%
Metals & Mining 94 -4.69% 1.32 14.96%
Office Equipment & Services 24 -8.04% 1.81 26.64%
Oil/Gas (Integrated) 5 -14.02% 1.16 37.63%
Oil/Gas (Production and Exploration) 301 -22.07% 1.45 19.99%
Oil/Gas Distribution 20 -19.38% 1.07 26.85%
Oilfield Svcs/Equip. 134 -23.87% 1.33 23.73%
Packaging & Container 27 -5.57% 1.07 44.29%
Paper/Forest Products 20 -16.56% 1.40 24.06%
Power 51 1.80% 0.54 22.55%
Precious Metals 91 -5.82% 1.19 9.11%
Publishing & Newspapers 33 -11.00% 1.26 27.45%
R.E.I.T. 238 -2.60% 0.68 34.39%
Real Estate (Development) 18 12.17% 1.19 17.22%
Real Estate (General/Diversified) 11 -18.84% 1.36 24.82%
Real Estate (Operations & Services) 59 -1.95% 1.35 19.36%
Recreation 72 -0.07% 0.98 18.27%
Reinsurance 2 4.48% 0.97 65.13%
Restaurant/Dining 78 -5.83% 0.80 21.78%
Retail (Automotive) 24 -6.12% 1.15 24.39%
Retail (Building Supply) 17 -10.50% 1.12 27.93%
Retail (Distributors) 88 -6.13% 1.44 27.80%
Retail (General) 19 -11.45% 0.91 28.98%
Retail (Grocery and Food) 12 -7.96% 0.45 12.89%
Retail (Online) 79 -0.47% 1.42 20.01%
Retail (Special Lines) 91 -14.61% 1.07 21.56%
Rubber& Tires 4 1.49% 0.42 28.79%
Semiconductor 72 -2.30% 1.34 33.50%
Semiconductor Equip 41 -5.27% 1.39 32.87%
Shipbuilding & Marine 9 -15.16% 1.08 26.27%
Shoe 10 -1.12% 0.75 22.79%
Software (Entertainment) 92 18.90% 1.26 16.59%
Software (Internet) 44 -6.50% 1.46 19.14%
Software (System & Application) 355 -5.89% 1.23 23.25%
Steel 37 -20.35% 1.62 30.58%
Telecom (Wireless) 21 -6.92% 1.26 19.99%
Telecom. Equipment 98 -4.47% 1.09 24.08%
Telecom. Services 67 17.22% 1.22 18.56%
Tobacco 17 -24.13% 1.29 19.36%
Transportation 19 0.22% 1.14 39.13%
Transportation (Railroads) 10 -15.72% 2.47 38.66%
Trucking 28 -7.49% 1.22 33.35%
Utility (General) 18 5.07% 0.27 20.00%
Utility (Water) 19 3.89% 0.42 18.26%
Total Market  7209 -0.84% 1.12 24.87%
Total Market (without financials) 6004 -3.00% 1.21 24.00%


Last Updated in January 2019
By Aswath Damodaran