Relatively Low Beta Detected in Shares of Analogic in the Health Care Equipment Industry (ALOG, ANGO, ARAY, SRDX, MR)
Below are the three companies in the Health Care Equipment 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.
Analogic ranks lowest with a a beta of 0.3. Following is Angiodynamics with a a beta of 0.5. Accuray ranks third lowest with a a beta of 0.5.
SurModics follows with a a beta of 0.6, and Mindray Medical International rounds out the bottom five with a a beta of 0.6.
SmarTrend recommended that subscribers consider buying shares of Mindray Medical International on November 3rd, 2015 as our technology indicated a new Uptrend was in progress when shares hit $24.91. Since that recommendation, shares of Mindray Medical International have risen 12.2%. We continue to monitor Mindray Medical International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest beta analogic AngioDynamics accuray surmodics mindray medical international