Top 5 Companies in the Electrical Components & Equipment Industry With the Lowest Beta (ZBB, AXPW, NEXS, DSWL, WIRE)
Below are the top five companies in the Electrical Components & Equipment 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.
ZBB Energy (AMEX:ZBB) ranks first with a beta of 0.6; Axion Power International (NASDAQ:AXPW) ranks second with a beta of 0.7; and Nexxus Lighting (NASDAQ:NEXS) ranks third with a beta of 0.8.
Deswell Industries (NASDAQ:DSWL) follows with a beta of 0.8 and Encore Wire (NASDAQ:WIRE) rounds out the top five with a beta of 0.9.
SmarTrend is bearish on shares of AXPW and our subscribers were alerted to Sell on October 28, 2009 at $1.68. The stock has fallen 58.9% since the alert was issued.