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Casella Waste has the Lowest Beta in the Environmental & Facilities Services Industry (CWST, CVA, SP, HCCI, WM)

By David Diaz

Below are the three companies in the Environmental & Facilities Services 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.

Casella Waste ranks lowest with a a beta of 0.7. Following is Covanta Holding with a a beta of 0.8. Sp Plus Corp ranks third lowest with a a beta of 0.8.

Heritage-Crystal follows with a a beta of 0.9, and Waste Management rounds out the bottom five with a a beta of 0.9.

SmarTrend recommended that its subscribers protect gains by selling shares of Waste Management on February 27th, 2020 by issuing a Downtrend alert when the shares were trading at $117.39. Since that call, shares of Waste Management have fallen 24.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest beta casella waste covanta holding sp plus corp heritage-crystal Waste Management

Ticker(s): CWST CVA SP HCCI WM