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Top 5 Companies in the Health Care Equipment Industry With the Highest Beta (TNDM, TRXC, WMGI, ARAY, CRY)

By Nick Russo

Below are the three companies in the Health Care Equipment industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Tandem Diabetes ranks highest with a a beta of 1.8. Following is Transenterix Inc with a a beta of 1.5. Wright Medical G ranks third highest with a a beta of 1.4.

Accuray Inc follows with a a beta of 1.4, and Cryolife Inc rounds out the top five with a a beta of 1.3.

SmarTrend recommended that its subscribers protect gains by selling shares of Cryolife Inc on February 14th, 2020 by issuing a Downtrend alert when the shares were trading at $28.09. Since that call, shares of Cryolife Inc have fallen 46.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta tandem diabetes amex:trxc transenterix inc wright medical g accuray inc cryolife inc

Ticker(s): TNDM WMGI ARAY CRY