SMG - The 3 Least-Volatile Pot Stocks on the Market
High volatility comes with the territory when you invest in cannabis stocks. Anyone who follows these stocks knows that they're likely to experience dramatic swings both up and down.
The most commonly used metric for measuring this volatility is the beta coefficient of a stock. Beta compares a stock's movements relative to the overall market, or a certain stock index -- typically the S&P 500 index.
I looked at the three-year beta calculated on a monthly basis for all stocks in the cannabis industry with a market cap of at least $200 million to find the three least-volatile pot stocks on the market right now. You might be surprised at the results.