For Immediate Release
Chicago, IL – November 5, 2020 – Stocks in this week’s article are Barrick Gold Corp. (
GOLD Quick Quote GOLD - Free Report) , Newmont Corporation ( NEM Quick Quote NEM - Free Report) , NIC Inc. , Portland General Electric Company ( POR Quick Quote POR - Free Report) and Pampa Energía SA ( PAM Quick Quote PAM - Free Report) . Navigate Market Volatility with These 5 Low-Beta Stocks
With the outcome of the U.S. presidential election remaining uncertain and coronavirus cases rising across the country, the stock market is headed for a bumpy ride ahead.
Hence, to navigate the volatility, it is of utmost importance to include low-beta stocks in one’s portfolio, as such securities not only deliver handsome returns but also provide shield against market volatility.
Beta measures the volatility or risk of a particular asset in comparison to the market. In other words, beta measures the extent of a security’s price movement relative to the market. In this article, we are considering the S&P 500 as the market.
If a stock has beta of 1, then the price of the stock will move with the market. So, the stock is more volatile than the market if its beta is more than 1. In the same way, the stock is not as volatile as the market if its beta is less than 1.
For example, if the market offers a return of 20%, a stock with beta of 3 will return 60%, which is overwhelming. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1097108/navigate-market-volatility-with-these-5-lowbeta-stocks Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
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Contact: Jim Giaquinto
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