Charles B. Carlson, CFA

The list below ranks the Dow stocks on the ratio of stock price to 200-day moving average price, from the lowest ratio to the highest ratio. The 10 Dow stocks with the lowest ratios are highlighted. A variation of my Worst-To-First Strategies focuses on creating portfolios from the 10 Dow stocks with the lowest ratio of current stock price to 200-day moving average price (1-stock, 3-stock, 5-stock, or 10-stock portfolios). For example, if you want a 3-stock portfolio, buy the first three stocks in the list and hold for 12 months.

FURTHEST FROM 200-DAY MOVING AVERAGE (Data as of: 1/21/2021)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
Coca-Cola	KO	48.95	-10.7	0.986
Verizon Communications	VZ	57.27	-2.5	0.993
Merck	MRK	81.18	-0.8	1.009
Procter & Gamble	PG	131.01	-5.8	1.023
Cisco Systems	CSCO	45.11	0.8	1.051
Visa	V	205.14	-6.2	1.054
Chevron	CVX	92.01	9.0	1.059
McDonald's	MCD	213.53	-0.5	1.061
IBM	IBM	131.65	4.6	1.062
3M	MMM	170.67	-2.4	1.072
Boeing	BA	207.41	-3.1	1.089
Amgen	AMGN	252.03	9.6	1.089
Salesforce.com	CRM	222.17	-0.2	1.094
Johnson & Johnson	JNJ	161.73	2.8	1.103
Walmart	WMT	144.85	0.5	1.104
Home Depot	HD	279.05	5.1	1.110
Walgreens Boots Alliance	WBA	47.07	18.0	1.116
Intel	INTC	62.46	25.4	1.143
Microsoft	MSFT	224.97	1.1	1.147
UnitedHealth	UNH	355.00	1.2	1.166
American Express	AXP	127.43	5.4	1.225
Honeywell	HON	205.23	-3.5	1.242
Travelers	TRV	148.72	5.9	1.257
J.P. Morgan Chase	JPM	134.83	6.1	1.268
Dow	DOW	57.56	3.7	1.301
NIKE	NKE	141.61	0.1	1.304
Disney	DIS	171.28	-5.5	1.339
Caterpillar	CAT	192.19	5.6	1.357
Goldman Sachs	GS	289.37	9.7	1.384
Apple	AAPL	136.87	3.2	1.394