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Exploring Stock Beta and Profiting from Low Beta Stocks

Introduction: Let’s start by introducing the concept of the Beta coefficient (β) for a stock and its importance in investment analysis. Beta is a measure of the volatility of a specific stock compared to the overall market. Investors often use the Beta coefficient (β) to assess the risk and potential returns, both for individual stocks […]

29 Mar 2024

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Negative Beta Stocks

Stock Beta measures the volatility of an individual stock compared to the systematic risk of the broader market. Beta is used in the capital asset pricing model for estimating the expected returns of assets. The beta calculation is used to help investors understand whether a stock moves in the same direction as the S&P 500 Index. If the company has a high beta (>1), its stocks are more volatile than the market. Investing in such assets could increase the risk of the portfolio. If the stock market starts to fall, it is more profitable to have stocks in the portfolio with a beta of less than 1 and even a negative beta. This value means an inverse correlation with the market and lower market risks if a recession occurs. Here are the 15 largest companies with Eyestock rating and negative beta on American exchanges.

WDFC profile

Ticker
WDFC
Country
USA
Exchange
XNAS - Nasdaq
Report currency
USD - US dollar
IPO date
17 January 1973
Sector
Consumer Staples
Industry
Household Products
Employees
583
City
San Diego
Address
9715 Businesspark Avenue
Cusip
929236107

WDFC market tickers

XFRA - Deutsche Boerse AG

WD1.F

XDUS - Boerse Duesseldorf

WD1.DU

XMUN - Boerse Muenchen

WD1.MU

XSWX - Six Swiss Exchange

WD1.SW

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