SmartAsset: CVS best stock performance

SMARTASSET SURVEYED Rhode Island companies to determine which had the best stock performance between 2010 and March 2015. CVS Health Corp. in Woonsocket was ranked first with an average return of 25 percent. / COURTESY SMARTASSET
SMARTASSET SURVEYED Rhode Island companies to determine which had the best stock performance between 2010 and March 2015. CVS Health Corp. in Woonsocket was ranked first with an average return of 25 percent. / COURTESY SMARTASSET

WOONSOCKET – CVS Health Corp. had the best stock performance out of Rhode Island companies surveyed by SmartAsset with an average return of 25 percent between 2010 and March 2015.
SmartAsset, a financial technology company, said it considered stock price, dividends paid and volatility, as well as the risk-adjusted return of the stocks, to come up with its findings.
United Natural Foods Inc., of Providence, was close behind CVS with an average return of 23 percent and Washington Trust Bancorp Inc., of Westerly, was third with 19 percent.
SmartAsset said CVS’s volatility was 17 percent, while the volatility of United Natural Foods and Washington Trust was 25 percent.
The rest of the list is as follows:

  • Fourth: Hasbro Inc.; Pawtucket; average return of 14 percent; volatility, 22 percent
  • Fifth: Astro-Med Inc., West Warwick; average return of 14 percent; volatility, 23 percent
  • Sixth: Textron Inc., Providence; average return of 17 percent; volatility, 36 percent
  • Seventh: Towerstream Corp., Middletown; average return of 4 percent; volatility, 66 percent
  • Eighth: KVH Industries Inc., Middletown; average return of 0.28 percent; volatility, 42 percent

“We wanted to find the companies with stock prices that have grown the fastest and paid the most in dividends while providing the least amount of risk to investors. To do that we looked at the companies that are publicly traded on major U.S. exchanges (New York Stock Exchange, Nasdaq and AMEX) and have a market value greater than $50 million at the end of the first quarter of 2015,” SmartAsset wrote.
SmartAsset also ranked companies based on their market capitalization. Large cap companies have a market value greater than $10 billion; mid cap companies have a market value between $2 billion and $10 billion and small cap companies have a market value of less than $2 billion.
Only two companies were in the large cap category, CVS, again in first place, followed by Textron.
In the mid cap category, United Natural Foods held the top spot, followed by Hasbro. They were the only two companies in the category.
In the small cap category, Washington Trust led the group, and was followed by Astro-Med, Towerstream Corp. and KVH Industries.

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