A stock’s beta measures how volatile it is compared to the overall market.
The overall market has a beta of 1.0.
A stock’s beta is ranked according to how much the stock price deviates from the overall market.
If a stock’s beta is:
Stocks with a high beta value are viewed as riskier than stocks with low beta values.
Beta is also a key input into the Capital Asset Pricing Model (CAPM), which is used to calculate a company’s cost of equity. Cost of equity is used in the Weighted Average Cost of Capital (WACC) model to determine the discount rate used to present value a company’s future cash flows.
A stock’s beta can be a helpful metric to determine share price variability and risk.
Using the DiscoverCI Stock Screener, we scan for low beta stocks daily.
The list is sorted by today’s volume, and includes the beta, marketcap, and last stock price.
We update this list daily. Last updated: December 6th, 2019
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