Relatively Low Beta Detected in Shares of AmerisourceBergen in the Health Care Distributors Industry (ABC, PMC, PDCO, MCK, CAH)
Below are the three companies in the Health Care Distributors industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
AmerisourceBergen ranks lowest with a a beta of 0.8. PharMerica is next with a a beta of 0.8. Patterson ranks third lowest with a a beta of 0.8.
McKesson follows with a a beta of 0.9, and Cardinal Health rounds out the bottom five with a a beta of 0.9.
SmarTrend recommended that its subscribers protect gains by selling shares of McKesson on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $184.95. Since that call, shares of McKesson have fallen 9.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest beta AmerisourceBergen pharmerica patterson McKesson Cardinal Health