For Immediate Release
Chicago, IL – January 11, 2021 – Stocks in this week’s article are Vista Outdoor Inc. VSTO, Meridian Bioscience, Inc. VIVO, Owens & Minor, Inc. OMI and Lakeland Industries, Inc. LAKE.
Buy These 4 Low-Beta Stocks to Combat the Choppy Market
Investors are weighing both, rolling out of coronavirus vaccines and rapidly rising infections, making the market extremely volatile. Despite the effective vaccines and optimism over increased spending by Democrats post-inauguration, there remain widespread uncertainties, at least for the foreseeable period.
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/1243443/buy-these-5-low-beta-stocks-to-combat-the-choppy-market
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Owens & Minor, Inc. (OMI) : Free Stock Analysis Report
Meridian Bioscience Inc. (VIVO) : Free Stock Analysis Report
Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report
Vista Outdoor Inc. (VSTO) : Free Stock Analysis Report
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