For Immediate Release
Chicago, IL – February 11, 2021 – Stocks in this week’s article are Meridian Bioscience, Inc. (
VIVO Quick Quote VIVO - Free Report) , AeroVironment, Inc. ( AVAV Quick Quote AVAV - Free Report) , Southside Bancshares, Inc. ( SBSI Quick Quote SBSI - Free Report) and Waterstone Financial, Inc. ( WSBF Quick Quote WSBF - Free Report) . Sail Through the Choppy Market with These 4 Low-Beta Stocks
Investors are closely tracking the progress in Biden's $1.9-trillion pandemic package. However, worries over the aggravating coronavirus situation, with the virus mutating and governments taking longer to distribute vaccines, make the market volatile.
Hence, creating a portfolio of low-beta stocks is of utmost importance since the securities can not only deliver healthy returns but also provide a shield against the choppy market.
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/1260650/sail-through-the-choppy-market-with-these-4-low-beta-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
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