Zacks.com featured highlights include: Rocky Brands, Dollar General, Tyler Technologies, Sturm, Ruger & Co and EuroDry
For Immediate Release
Chicago, IL – July 7, 2021 – Stocks in this week’s article are Rocky Brands, Inc. RCKY, Dollar General Corporation DG, Tyler Technologies, Inc. TYL, Sturm, Ruger & Company, Inc. RGR and EuroDry Ltd. EDRY.
5 Low-Beta Stocks to Quell Fears of a Choppy Market
Coronavirus vaccines are rolling out at a healthy pace, making scope for more people to step out for work and leisure. People are getting jobs and wages for workers are rising briskly, confirming that the domestic economy is recovering at a healthy pace.
Despite this, markets have become and will likely continue being volatile. This is because investors are keeping an eye on policy makers across the world to gauge the possibilities of tightening of easy money policies that have so long been aiding economies amid the pandemic.
Hence, creating a portfolio of low-beta stocks is of utmost importance since the securities will not only deliver healthy returns but also provide a shield against choppy market conditions.
Beta Understanding
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 a 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/1757994/5-low-beta-stocks-to-quell-fears-of-a-choppy-market
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Dollar General Corporation (DG) : Free Stock Analysis Report
Sturm, Ruger & Company, Inc. (RGR) : Free Stock Analysis Report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report
EURODRY LTD (EDRY) : Free Stock Analysis Report
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