Everyone loves low volatility as nobody really fancies wild fluctuations in their portfolio. Low volatility is a crucial characteristic of many types of portfolios, and especially those that aim towards income-oriented or retirement goals. By picking stocks that have historically displayed low volatility returns, one can be uncorrelated to the overall performance of the market, potentially avoiding adverse crushes such as those of the Great Financial crisis, or the recent February's selloff caused by COVID-19.
One such stock is California Water Service (CWT). The stock has behaved consistently in an uncorrelated fashion compared