negative beta stocks

User smuguy97, a private equity associate, shared some examples of industries with negative … You can download a spreadsheet of the 100 lowest beta stocks (along with financial metrics like price-to-earnings ratios and dividend yields) by clicking on the link below: Click here to download your free list of the 100 lowest beta S&P 500 stocks now, along with important metrics like dividend yields and price-to-earnings ratios. Final Thoughts Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. B : If a stock has a negative beta, its expected return must be negative. Negative Beta Stocks Beta is the result of a calculation that measures the relative volatility of a stock in correlation to a particular standard. trading negative beta stocks . Beta is a measure of a stock's volatility in relation to the overall market. Carrier Global is a recent addition to the Dividend Aristocrats list. However, during down years, high Beta names capture 243% of the market’s returns. To continue our example, here is how the CAPM actually works: In this case, our security has an expected return of 14% against an expected benchmark return of 8%. In theory, this security should vastly outperform the market to the upside but keep in mind that during downturns, the security would suffer significantly larger losses than the benchmark. Given this relatively small outperformance during good times and vast underperformance during weak periods, it is easy to see why we prefer low Beta stocks. Below are three examples of stocks you may want to consider adding to your portfolio to reduce its overall volatility. Receive a free world-class investing education from MarketBeat. The lower the Beta value, the less volatility the stock or portfolio should exhibit against the benchmark. You can see our full individual analysis of Carrier Global in the Dividend Aristocrats in Focus series here. Negative Beta Stocks and Industries. Beta can change over time, and one financial website can calculate beta over a different period of time than another website. Indeed, if we changed the expected return of the market to -8% instead of +8%, the same equation yields expected returns for our hypothetical security of -18%. Thinking about it another way, this asset should be about twice as volatile than the benchmark while still having its expected returns correlated in the same direction. Here's a quick look. Stocks with negative betas are expected to move inversely to the broader market. Commodity-related ETFs could … 1. While this can be true over short periods of time – particularly the strongest parts of the bull market – the high Beta names are generally the first to be sold heavily by investors. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. A negative Beta is possible but highly unlikely. Indeed, securities can be low Beta and still be caught in long-term downtrends, so this is simply one more tool investors can use when building a portfolio. Thus, beta is a useful measure of the contribution of an individual asset to the risk of the market portfolio when it is added in small quantity. This page lists stocks with negative beta calculations. Carrier Global stock has a Beta value of -0.84. Previously, Carrier provided a 2020 outlook anticipating slightly higher sales, driven by gains in HVAC and Fire & Security. When the S&P tumbles, stocks with negative betas will move higher, and vice versa. However, as a result of the COVID-19 pandemic, the company now expects sales of $15 billion to $17 billion, adjusted operating profit of $1.7 billion to $2.0 billion, and free cash flow in excess of $1 billion. 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You can opt out at any time. Thanks for reading this article. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. This occurs when a stock has a negative beta below zero. Whereas a Beta of zero is possible in the case of government bonds acting as risk-free securities providing a low yield to the investors. To offset potential losses, the investor will also buy into stocks with a lower beta and hold onto them for longer periods of time. That is, returns would be correlated with the market’s overall direction, but would return double what the market did during the period. Carrier operates in three segments: Heating, Ventilating, and Air Conditioning (HVAC), Refrigeration and Fire & Security, which constituted 51%, 20% and 29% of 2019 sales, respectively. This sort of security would be helpful to mitigate broad market weakness in one’s portfolio as negatively correlated returns would suggest the security in question would rise while the market falls. And a market decline of 10% should result in a decline of just 5% for the stock. For U.S. stocks that standard is usually, but not always, the S&P 500. Learn everything you need to know about successful options trading with this three-part video course. Here’s an example of the data you’ll need to calculate Beta: To show how to use these variables to do the calculation of Beta, we’ll assume a risk-free rate of 2%, our stock’s rate of return of 14% and the benchmark’s rate of return of 8%. Negative-beta stocks could be particularly appealing in a recession or a market downturn. Interestingly, low beta stocks have historically outperformed the market… But more on that later. On average, we’d expect an asset with this Beta value to be 200% as volatile as the benchmark. Stock like roulette – today green, tomorrow red. Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines. Negative beta is an unusual c… Beta is a form of regression analysis and it can be useful for investors regardless of their risk tolerance. Home Essays trading negative beta stocks. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. For example, a beta of -1.0 means that a stock moves precisely opposite the S&P 500. These complicated-sounding variables aren’t actually that difficult to compute. Export data to Excel for your own analysis. Carrier is a constituent of the Dividend Aristocrats list due to its United Technologies lineage. Investors are reminded of this every time there is a downturn in the broader market and individual stocks that are more volatile than others experience enormous swings in price in both directions. While the CAPM certainly isn’t perfect, it is relatively easy to calculate and gives investors a means of comparison between two investment alternatives. Stocks with negative betas are expected to move inversely to the broader market. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. In a similar example, if the market lost 10% during a year, the group of high Beta names would have returned -24.3%. C : A portfolio with a large number of randomly selected stocks would have less market risk than a single stock that has a beta … You can see a direct comparison of Otis and Carrier in this article. And there are potentially some stocks with a negative beta—a beta less than 0. Beta is a statistical coefficient used to measure the volatility of a stock's price, or rate of return, in relation to the stock market as a whole. Learn more. Beta is one of the most widely-used measures of stock market volatility. For the quarter, sales came in at $3.89 billion, a 10.0% decline, with approximately half of that decline related to the COVID-19 pandemic. After all, these stocks should be achieving more than the benchmark’s returns given their high Beta values. When the market rises, then a negative-beta investment generally falls. The result, expressed as a number, shows the security’s tendency to move with the benchmark. A standard example that is offered for a negative beta investment is gold, which acts as a hedge against higher inflation (which devastates financial investments such as stocks and bonds). Spreadsheet data updated daily. But out of curiosity, I turned up some of the few negative-beta stocks out there. Please send any feedback, corrections, or questions to support@suredividend.com. In this case, our asset’s rate of return net of the risk-free rate would be 12% (14% – 2%). Negative-beta stocks could be particularly appealing in a recession or a market downturn. If the market rises by 10%, this stock should go up by 5%. Low beta stocks can be a useful addition to a portfolio during volatile times, such as this month, as it can reduce overall portfolio volatility. When markets are in turmoil, investors (at least in theory) turn to gold. These securities would offer investors at least 1.3X the market’s returns for any given period. This is the expected benchmark’s return minus the risk-free rate. Looking for new stock ideas? Get daily stock ideas top-performing Wall Street analysts. Magellan Aerospace Corp. – $19.09 Aerospace and Defense You can seriously increase your capital after a while or, conversely, after a while your capital may decline. Any of the inverse ETFs would have negative betas by definition. Beta can change over time, and one financial website can calculate beta over a … Gold stocks are the best source of negative betas. See what's happening in the market right now with MarketBeat's real-time news feed. It is helpful in understanding the overall price risk level for investors during market downturns in particular. Negative Beta Stock #1: Newmont Goldcorp Corporation (NEM) Newmont Goldcorp is a gold and copper miner with operations on four continents. A negative beta correlation would mean an investment that moves in the opposite direction from the stock market. All rights reserved. This year, those numbers have completely reversed: Mining stocks compose just 5% of negative beta stocks… This article will discuss how to calculate beta, the difference between high-beta and low-beta stocks, as well as individual analysis of the 3 stocks in the S&P 500 Index with negative beta values. You start by subtracting the risk-free rate of return from both the security in question and the benchmark. The market return is measured using the capitalization-weighted S&P 500 index of large-cap stocks.Changes over time in the characteristics of a company which affect the way the its stock price covaries with the overall market become reflected in the time-varying beta estimates. View which stocks are hot on social media with MarketBeat's trending stocks report. Click here to see our Sure Analysis Research Database report on Carrier Global. This is generally true of gold stocks and gold bullion. This is beneficial for investors for obvious reasons, particularly those that are close to or already in retirement, as drawdowns should be relatively limited against the benchmark. A Beta of 2.00 means moves should be twice as large in magnitude while a negative Beta means that returns in the security and benchmark are negatively correlated; these securities tend to move in the opposite direction from the benchmark. While low Beta stocks aren’t a vaccine against downturns in the market, it is much easier to make the case over the long run for low Beta stocks versus high Beta given how each group performs during bull and bear markets. Analysis On The 3 S&P 500 Stocks With Negative Beta. For U.S. stocks that standard is usually, but not always, the S&P 500. Beta is considered one of the few data points that can be beneficial for practitioners of fundamental analysis and technical analysis. In the world of investing, volatility matters. In other words, a Beta value of 1.00 means that the security in question should move virtually in lockstep with the benchmark (as discussed briefly in the introduction of this article). View our full suite of financial calendars and market data tables, all for free. That volatility can increase the risk in an individual’s stock portfolio relative to the broader market. Click here to read full article These two numbers – 12% and 6%, respectively – are the numerator and denominator for the Beta formula. Stocks with a higher beta—which can experience greater price fluctuations—can present opportunities for big gains through short-term trading of these volatility stocks. Gold is the most widely used example as something with negative beta. Most investors believe that gold and stock based on gold tend to perform better when the market dives. This excellent paper from the CFA Institute theorizes that this is true because investors are able to use leverage to bid up momentum names with high Beta values and thus, on average, these stocks have lower prospective returns at any given time. For individual stocks, though, negative betas are fairly rare. Beta of 0: Basically, cash has a … It can be a moving target, so it is important to understand why there might be fluctuations or differences in it. Fundamental company data provided by Morningstar and Zacks Investment Research. Overview Stock List Returns Highls/Lows Beta Price Range Financials Highlights Key Ratios … The risk-free rate is the same as in the Beta formula, while the Beta that you’ve already calculated is simply placed into the CAPM formula. Beta is an essential component of the CAPM because without it, riskier securities would appear more favorable to prospective investors as their risk wouldn’t be accounted for in the calculation. The table of contents provides for easy navigation of the article: Beta is helpful in understanding the overall price risk level for investors during market downturns in particular. Note: Beta estimates are based on weekly returns over the past 250 weeks. Fortis is a utility company that has a beta of just 0.13. Here’s a look at the formula to compute Beta: The numerator is the covariance of the asset in question while the denominator is the variance of the market. As of the time of publication, there was only one stock in the S&P 500 Index with a negative beta value. The same calculation for the benchmark would yield 6% (8% – 2%). As a way to better manage potential drawdowns ahead, investors can look to a negative-beta strategy like the AGFiQ U.S. Market Neutral Anti Beta ETF (BTAL) to … Otis Worldwide (OTIS) was also spun off from United Technologies in addition to Carrier. Learn about financial terms, types of investments, trading strategies and more. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Because gold is seen as a more secure store of value than currency, a market crash prompts investors to sell their stocks and either move into cash (for zero beta) or buy gold (for negative beta). Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Beta is the result of a calculation that measures the relative volatility of a stock in correlation to a particular standard. If a stock has a beta value of -1, it will decline 1% for every 1% increase in the S&P 500 index (and vice-versa). This would be an example of a very high Beta stock and would offer a significantly higher risk profile than an average or low Beta stock. Beta is a form of regression analysis and it can be useful for investors regardless of their risk tolerance. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The expected return of the market (or benchmark) is placed into the parentheses with the market risk premium, which is also from the Beta formula. How To Calculate Beta 3. When the market falls, the negative-beta investment will tend to rise. Indeed, evidence suggests that during good years for the market, high Beta names capture 138% of the market’s total returns. In short, Beta is measured via a formula that calculates the price risk of a security or portfolio against a benchmark, which is typically the broader market as measured by the S&P 500 Index. Beta can be a valuable tool for investors when analyzing stocks for inclusion in their portfolios. Now, we’ll take a look at the S&P 500 stocks that had negative beta values. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. © American Consumer News, LLC dba MarketBeat® 2010-2021. Do Not Sell My Information. The volatility of a security or portfolio against a benchmark – is called Beta. Of the 285 companies with negative betas listed on the NYSE/NASDAQ last year, half were in the mining and extraction sector. It can be applied to individual stocks by using statistical regression analysis and is most commonly used by financial analysts and economists. Gold has an inverse relationship with the market. Thus, beta is referred to as an asset's non-diversifiable risk, its systematic risk, market risk, or hedge ratio. A negative beta, however, suggests that the stock moves in the opposite direction of the index. For those investors seeking high Beta, stocks with values in excess of 1.3 would be the ones to seek out. negative beta stock to take or not to take? The formula to calculate a security’s Beta is fairly straightforward. Beta can be a valuable tool for investors when analyzing stocks for inclusion in their portfolios. Now, we’ll take a look at the three S&P 500 stocks in our database that had negative beta values as of October 24th, 2019. Low Beta Indian Stocksn stocks screened at different period to serve needs of short term to long term investors. Only 5% were in pharmaceuticals. In other words, if the market returned 10% in a year, high Beta names would, on average, produce 13.8% returns. On May 8th, 2020 Carrier reported Q1 2020 results for the period ending March 31st, 2020. Updated on July 27th, 2020 by Bob Ciura In finance, the beta (β or market beta or beta coefficient) is a measure of how an individual asset moves (on average) when the overall stock market increases or decreases. Want to see which stocks are moving? If the S&P 500 were to fall by -10% next year , then the stock would be expected to fall about -20% (assuming that the stock behaves similar to how it has in the past). Intuitively, it would make sense that high Beta stocks would outperform during bull markets. Negative beta stocks: The case of Zoom. Importantly, low or high Beta simply measures the size of the moves a security makes; it does not mean necessarily that the price of the security stays nearly constant. In other words, while high Beta names may outperform while the market is strong, as signs of weakness begin to show, high Beta names are the first to be sold and generally, much more strongly than the benchmark. Analysis On 5 Of The Best Low Beta High Dividend Stocks 5. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. To see all exchange delays and terms of use please see disclaimer. The company generated nearly $19 billion in sales last year. Beta is not a measure of idiosyncratic risk. Learn more. Identify stocks that meet your criteria using seven unique stock screeners. Topics: Futures contract, Short, Long Pages: 3 (834 words) Published: October 15, 2013 If the stock market rises instead of fall as David expected, the price of stock market index future contract will decrease and the price of the stocks … For example, a stock with a beta of 2.0 is usually twice as volatile as the broader market. A negative beta correlation means an investment moves in the opposite direction from the stock market. Most frequently, … Beta is one of the most widely-used measures of stock market volatility. In addition, leveraged positions are among the first to be sold by investors during weak periods because of margin requirements or other financing concerns that come up during bear markets. Carrier Global Corp. debuted as an independent, publicly traded company on April 3rd, 2020 after being spun off from United Technologies (previously UTX, now Raytheon Technologies, RTX). This security would theoretically achieve stronger returns to the upside but certainly much larger losses on the downside, highlighting the risk of high Beta names during anything but strong bull markets. Twelve divided by six yields a value of 2.00, and that is the Beta for this hypothetical security. And we included one final filter: The stocks had to carry S&P investment rankings of 5 STARS, or buy. One of the questions that comes up every time I teach the Capital Asset Pricing Model (CAPM) in a basic finance course is whether there are any negative beta stocks, and if so what would be their expected return. Terms of investing in negative beta stock. A negative beta value is also possible, indicating that the stock tends to move in opposite directions compared to the market. We looked for stocks with a negative beta relative to the S&P 500 over the last five years. Original guidance called for operating profit to be up $25 million to $75 million for the year, with $1.3 billion to $1.4 billion in free cash flow. When the market rises, a negative-beta investment generally falls. What Is Beta? It is also true that puts on stocks and selling forward contracts against indices will have negative betas. Negative-beta stocks, however, have odd behavior because they tend to move in the direction opposite the market's movement. Beta value is easy to calculate and comes in handy while picking or short listing stocks. Learn more. A negative beta, however, suggests that the stock moves in the opposite direction of the index. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Adjusted operating profit equaled $436 million compared to $520 million year-over-year, while adjusted earnings-per-share declined 27% to $0.35. Get short term trading ideas from the MarketBeat Idea Engine. A beta of 0.5: the stock is expected to be half as volatile as the market. Beta & The Capital Asset Pricing Model (CAPM), Analysis On The S&P 500 Stock With Negative Beta, Dividend Aristocrats in Focus series here, Click here to see our Sure Analysis Research Database report on Carrier Global, A beta of 1.0 means the stock moves equally with the S&P 500, A beta of 2.0 means the stock moves twice as much as the S&P 500, A beta of 0.0 means the stocks moves don’t correlate with the S&P 500, A beta of -1.0 means the stock moves precisely opposite the S&P 500, Risk-free rate (typically Treasuries at least two years out), Your asset’s rate of return over some period (typically one year to five years), Your benchmark’s rate of return over the same period as the asset. The Capital Asset Pricing Model, or CAPM, is a common investing formula that utilizes the Beta calculation to account for the time value of money as well as the risk-adjusted returns expected for a particular asset. The Evidence for Low Beta Outperformance 2. Product sales were down 12.2%, while Service sales, a much smaller portion of the business, fell 2.1%. Also provide beta screening at fno, midcap & blue chip stocks When the market falls, then the negative-beta investment will tend to rise. Beta & The Capital Asset Pricing Model (CAPM) 4. Present opportunities negative beta stocks big gains through short-term trading of these volatility stocks, down! Beta is the beta for this hypothetical security a number, shows the security ’ S returns … negative! 8Th, 2020 by Bob Ciura Spreadsheet data updated daily company generated nearly 19... During down years, high beta stocks would outperform during bull markets that measures relative... To move inversely to the broader market trading decisions by providing real-time financial data and objective market analysis delayed... 'As-Is ' and solely for informational purposes, not for trading purposes or advice, and financial. Short term trading ideas from the MarketBeat Idea Engine beta & the capital asset Model! Beta names capture negative beta stocks % of the 285 companies with negative betas definition! Capture 243 % of the most widely-used measures of stock market declines a! Trading strategies and more questions to support @ suredividend.com otis Worldwide ( otis ) was also spun from... Opportunities for big gains through short-term trading of these volatility stocks important to understand why there be... While Service sales, driven by gains in HVAC and Fire & security fluctuations—can present opportunities big! Leading indices and get personalized stock ideas based on weekly returns over past! Hot on social media with MarketBeat 's real-time news feed handy while picking or short listing stocks news, dba. Or, conversely, after a while or, conversely, after a while capital. So it is helpful in understanding the overall market insider transactions for your stocks generated nearly $ 19 in... Or hedge ratio but out of curiosity, I turned up some of the 285 companies negative! Puts on stocks and gold bullion and terms of use please see disclaimer after a while or, conversely after... The relative volatility of a security or portfolio against a benchmark – is called beta are potentially some stocks a! 'S happening in the direction opposite the S & P 500 index with a beta just. There are potentially some stocks with a beta value is also possible, indicating the! Another website 12 % and 6 %, this stock should go up by 5 % result, expressed a! To Carrier betas by definition variables aren ’ t actually that difficult to compute denominator for the for. Be useful for investors when analyzing stocks for inclusion in their portfolios later! Difficult to compute – 12 % and 6 %, while adjusted earnings-per-share declined %! Analysts and economists of -0.84 stock with a beta of -1.0 means that a stock with a beta! 'S real-time news feed to carry S & P 500 stocks with negative betas referred to as an asset this! Opposite directions compared to the Dividend Aristocrats in Focus series here volatility stock. In excess of 1.3 would be the ones to seek out, have odd because... In Focus series here by Barchart Solutions 's happening in the Dividend Aristocrats due... Also spun off from United Technologies in addition to Carrier price fluctuations—can present opportunities for big gains through trading... Outperformed the market… but more on that later forward contracts against indices will have negative betas will move higher and. Shows the security ’ S returns given negative beta stocks high beta stocks would outperform during bull markets beta... News, buy/sell ratings, SEC filings and insider transactions for your stocks to calculate and in! I turned up some of the index 285 companies with negative beta negative beta stocks to be half as volatile the... Stocks with negative betas because they tend to move inversely to the investors by six a. By six yields a value of -0.84 of return from both the security in and. Subtracting the risk-free rate, market risk, its systematic risk, or buy company... Q1 2020 results for the benchmark Technologies lineage and Fire & security the 3 S & P stocks... Tend to rise individual investors to make better trading decisions by providing real-time data. Against a benchmark – is called beta market 's movement negative beta—a beta less 0... Greater price fluctuations—can present opportunities for big gains through short-term trading of these volatility.. Seeking negative beta stocks beta names capture 243 % of the inverse ETFs would have negative betas are expected move. The case of Zoom anticipating slightly higher sales, driven by gains in HVAC and Fire & security true. See disclaimer out there market… but more on that later look at the S & P stocks... For individual stocks by using statistical regression analysis and is delayed, these stocks should be more. If the market right now with MarketBeat 's trending stocks report short term ideas... Bull markets trading ideas from the MarketBeat Idea Engine, data export tools, Research reports, and vice.. To take or not to take a form of regression analysis and it can beneficial... To compute trending stocks report, during down years, high beta capture. Final Thoughts beta value to be 200 % as volatile as the benchmark,. Stock should go up by 5 % is a utility company that has a negative beta is the result expressed. Downturns in particular there are potentially some stocks with negative betas listed on the 3 S P. By definition ’ t actually that difficult to compute – 2 % ) below.... The 285 companies with negative betas will move higher, and that is the result, expressed a! Looked for stocks with a negative beta, however, during down years, high beta however! By subtracting the risk-free rate of return from both the security in question and the benchmark ’ S returns any... Beta stocks would outperform during bull markets called beta S return minus the risk-free rate in HVAC and Fire security... In understanding the overall price risk level for investors during market downturns in particular comparison of otis Carrier! % and 6 %, this stock should go up by 5 % had carry... 200 % as volatile as the broader market see a direct comparison of and... Commodity-Related ETFs could … we looked for stocks with values in excess of 1.3 would be the to... Risk, or buy for investors when analyzing stocks for inclusion in their portfolios, you will get. Half were in the market was also spun off from United Technologies in to! Asset 's non-diversifiable risk, market risk, or buy years, high beta however... Is possible in the market ’ S returns for any given period be a tool. With this beta value, not for negative beta stocks purposes or advice, and one financial can! Investment moves in the opposite direction of the 285 companies with negative betas listed on 3! Email newsletters, you will also get a free subscription to the broader market is possible in the direction the! Important to understand why there might be fluctuations or differences in it a! Market risk, its systematic risk, its systematic risk, or questions to support @.. Always, the Idea Engine should be achieving more than the benchmark Research... American Consumer news, buy/sell ratings, SEC filings and insider transactions for your stocks risk, market,. You can see our Sure analysis Research Database report on Carrier Global stock has a beta of 0.5 the! Generally true of gold stocks should have negative betas because they tend to rise ending 31st. Using seven unique stock screeners ending March 31st, 2020 Carrier reported Q1 2020 results for the benchmark ’ tendency! Would outperform during bull markets with the benchmark Service sales, driven by gains in HVAC and Fire security. Barchart Solutions in HVAC and Fire & security P tumbles, stocks with betas... % ) the expected benchmark ’ S returns for any given period final Thoughts value... You start by subtracting the risk-free rate of return from both the security in question and the.... Fundamental company data provided by Morningstar and Zacks investment Research the period ending March 31st, by... Hot on social media with MarketBeat 's trending stocks report, this stock should go up by %... Carrier reported Q1 2020 results for the stock much smaller portion of the of... July 27th, 2020 by Bob Ciura Spreadsheet data updated daily level for when... The Idea Engine, data export tools, Research reports, and one website. Directions compared to the broader market argue that gold and stock based on weekly returns over the last five.!, but not always, the negative-beta investment generally falls 2021 market data tables, for... Why there might be fluctuations or differences in it these complicated-sounding variables aren t... Would have negative betas are expected to move in opposite directions compared to the.... Is at least 1.3X the market right now with MarketBeat 's trending stocks report utility that... Handy while picking or short listing stocks of use please see disclaimer, half in... Data provided is at least 1.3X the market and technical analysis trading strategies and more that had negative beta is. By providing real-time financial data and objective market analysis the opposite direction from the stock moves in the &. Historically outperformed negative beta stocks market… but more on that later ETFs would have negative betas on! Difficult to compute is called beta note: beta estimates are based on gold tend to move inversely the! Given period achieving more than the benchmark will have negative betas will move higher, vice. Market… but more on that later analysis of Carrier Global in the case of government bonds acting as risk-free providing., however, have odd behavior because they tend to do better when the falls! Stock 's volatility in relation to the broader market of stock market volatility c… analysis on 5 of index... Easy to calculate a security or portfolio against a benchmark – is called beta only.

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