What are the current negative BETA stocks?

These stocks and a few ETFs have negative BETA values for the past year vs. the S&P 500 Equity Index ETF $SPY. This is based on daily adjusted closing price values.

There are very few stocks with a negative beta value. In the past three years since we have been tracking them, they make up around 2% of all data validated stocks.

They say “A rising tide lifts all boats.” We expect all stocks to move with the market over time, just to a greater and lesser extent based on relative investor interest, valuations and earnings potential. When a stock moves opposite to the overall market, it means there are strong forces at work on those individual stocks.

ETFs that track commodities, risk factors, currencies, or cryptocurrencies may commonly trade with a negative BETA, because their underlying factor typically moves in the opposite direction as stocks (think interest rates, or the cost of insurance on stocks).

Here are the stocks with BETA values outside the data validation range.

We notice some big names on the list, reflecting strong market and fiscal / tax / regulatory forces at work.

We notice some big names on the list, reflecting strong market and fiscal / tax / regulatory forces at work.

TICKER (alphabetical order), BETA, STOCK NAME

As of market close: September 4, 2024
CBOE -0.291 Cboe Global Markets Inc.
CHD -0.005 Church & Dwight Co. Inc.
COR -0.061 Cencora…