This statement is incorrect. Please explain why

2. Comment on the following quotation from a leading investment analyst. "Stocks that move perfectly with the market have a beta of 1 . Betas get higher as volatility goes up and lower as it goes down. Thus, Southern Co., a utility whose shares have traded close to $12 for most of the past three years has a low beta. At the other extreme, there is Texas Instruments, which has been as high $150 and as low as $75 and has a high beta