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Zacks.com featured highlights include: Vista, Innoviva, Owens & Minor, NIC and California Water Service

Zacks Equity Research
·4 min read

For Immediate Release

Chicago, IL – December 29, 2020 - Stocks in this week’s article are Vista Outdoor Inc. VSTO, Innoviva, Inc. INVA, Owens & Minor, Inc. OMI, NIC Inc. EGOV and California Water Service Group CWT.

Combat the Choppy Market with These 5 Low-Beta Stocks

The coronavirus vaccine rollout and the massive pandemic aid bill that was recently signed into law by President Donald Trump have been bolstering investor confidence in a strong economic rebound in 2021. However, the new variant of the virus that emerged in the U.K and has been confirmed in some other countries has been acting as a dampener to the path of the recovery, thereby making the stock market volatile.

Hence, it is of utmost importance to create a portfolio of low-beta securities as such stocks not only deliver healthy returns but also provide protection against market volatility.

Understanding 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 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/1224868/combat-the-choppy-market-with-these-5-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.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Owens & Minor, Inc. (OMI) : Free Stock Analysis Report
 
California Water Service Group (CWT) : Free Stock Analysis Report
 
NIC Inc. (EGOV) : Free Stock Analysis Report
 
Vista Outdoor Inc. (VSTO) : Free Stock Analysis Report
 
Innoviva, Inc. (INVA) : Free Stock Analysis Report
 
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Zacks Investment Research