Gta 5 beta pharmaceuticals stock
Zacks Rank equal to 1: Zacks Rank #1 (Strong Buy) stocks indicate that they will significantly outperform the broader U.S. Price greater than or equal to $5: They must all be trading at a minimum of $5 or higher. Percentage Change in Price in the Last 4 Weeks greater than zero: This ensures that the stocks saw positive price movement over the last month.Īverage 20 Day Volume greater than 50,000: A substantial trading volume ensures that the stocks are easily tradable. We need to take into account other parameters as well that can add value to the portfolio. However, this should not be the only factor to be considered while selecting a winning strategy.
We have taken beta between 0 and 0.6 as our prime criterion for screening stocks that are less volatile than the market. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating. In the same way, the stock is not as volatile as the market if its beta is less than 1.įor example, if the market offers a return of 20%, a stock with beta of 3 will return 60%, which is overwhelming. So, the stock is more volatile than the market if its beta is more than 1. If a stock has beta of 1, then the price of the stock will move with the market.
In this article, we are considering the S&P 500 as the market. In other words, beta measures the extent of a security’s price movement relative to the market. Beta measures the volatility or risk of a particular asset in comparison to the market.