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. Editor's note: United Technologies now trades as Raytheon Technologies (RTX) and has been temporarily dropped from Underdog results.

FURTHEST FROM 200-DAY MOVING AVERAGE (Data as of: 8/13/2020)

Company Name	Ticker	Recent Price $	YTD % Price Change	Close Ratio
Boeing	BA	174.73	-46.4	0.733
Exxon Mobil	XOM	43.01	-38.4	0.806
Intel	INTC	48.56	-18.9	0.832
Walgreens Boots Alliance	WBA	41.00	-30.5	0.844
Chevron	CVX	89.82	-25.5	0.909
J.P. Morgan Chase	JPM	102.37	-26.6	0.914
American Express	AXP	100.42	-19.3	0.941
Cisco Systems	CSCO	42.72	-10.9	0.952
Coca-Cola	KO	48.38	-12.6	0.961
IBM	IBM	125.03	-6.7	0.976
Travelers	TRV	119.27	-12.9	0.998
Goldman Sachs	GS	208.39	-9.4	1.012
Verizon Communications	VZ	58.52	-4.7	1.017
Merck	MRK	83.54	-8.1	1.019
Dow	DOW	44.43	-18.8	1.028
Johnson & Johnson	JNJ	148.00	1.5	1.035
Pfizer	PFE	38.17	-2.6	1.045
3M	MMM	165.86	-6.0	1.048
Disney	DIS	130.96	-9.5	1.054
Visa	V	197.58	5.2	1.060
McDonald's	MCD	206.49	4.5	1.076
Caterpillar	CAT	140.67	-4.7	1.084
Walmart	WMT	131.85	10.9	1.090
Procter & Gamble	PG	135.78	8.7	1.124
NIKE	NKE	106.52	5.1	1.132
UnitedHealth	UNH	321.52	9.4	1.135
Microsoft	MSFT	208.70	32.3	1.203
Home Depot	HD	281.66	29.0	1.224
Apple	AAPL	460.04	56.7	1.485