For Immediate Release
Chicago, IL – June 15, 2020 – Stocks in this week’s article are Frontline Ltd. (
FRO Quick Quote FRO - Free Report) , iClick Interactive Asia Group Ltd. ( ICLK Quick Quote ICLK - Free Report) , Avenue Therapeutics, Inc. ( ATXI Quick Quote ATXI - Free Report) , ProQR Therapeutics N V ( PRQR Quick Quote PRQR - Free Report) and BJ’s Wholesale Club Holdings, Inc. ( BJ Quick Quote BJ - Free Report) . 5 Low-Beta Stocks to Beat Renewed Coronavirus Concerns
The market has become extremely volatile with investors’ concern about the new wave of coronavirus infections overshadowing the Federal Reserve’s commitment of supporting the economy.
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 market volatility.
Meaning of Beta
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/979458/5-lowbeta-stocks-to-beat-renewed-coronavirus-concerns 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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Contact: Jim Giaquinto
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