Does systematic measurement of the level of investor optimism provide a clue to the future direction of the stock market? (cxoadvisory.com)
Therefore, you should note the overall direction of the stock market when determining whether the rise or fall in a stock's dividend yield is attributable to stock market direction. (dividend.com)
Perhaps most important is it's low beta value, which means it does not tend to move in the overall direction of the stock market. (financialcanadian.com)