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Relatively Low Volatility Detected in Shares of 3M in the Industrial Conglomerates Industry (MMM, AFP, PHG, RAVN, TG)

Written on Mon, 07/26/2010 - 6:18am
By Chip Brian

Below are the top five companies in the Industrial Conglomerates industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
3M (NYSE:MMM) ranks first with a beta of 0.9; United Capital (AMEX:AFP) ranks second with a beta of 0.9; and Philips Electronic (NYSE:PHG) ranks third with a beta of 1.
Raven Industries (NASDAQ:RAVN) follows with a beta of 1.1 and Tredegar (NYSE:TG) rounds out the top five with a beta of 1.1.
SmarTrend is bullish on shares of AFP and our subscribers were alerted to Buy on June 21, 2010 at $22.65. The stock has risen 15.3% since the alert was issued.

Keywords: keywords: nyse:mmm 3M lowest beta

Ticker(s): MMM PHG RAVN TG AFP

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