BERNSTEIN: Buy these 13 bargain stocks to cash in on the market rout

Bernstein has shared a list of stocks with clients rated "outperform" by analysts.

These are stocks which have been oversold in the market rout, meaning the price of individual shares have fallen below their true value and represent a good investment.

The stocks listed below are considered oversold relative to their "beta," an indicator which in this context measures the volatility of a particular stock in comparison to the rest of the S&P 500 - in other words, it measures the extent of an equity's price movement compared to the rest of the index.

A beta score of 1 indicates a stock will move in line with the S&P, whereas a score below one indicates that it will move less. If a stock is considered oversold relative to its beta, that means it represents high value against its beta score.

Bernstein also includes a quality index, scored between 1 and 10, with 1 the highest quality. The quality model is a combination of factors including return on investment, earnings stability, revenue growth, and net margins.

See Bernstein's 13 top bargain stock picks below: