Beta (finance)/Definition: Difference between revisions
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A numerical measure of the degree to which the value of an asset tracks the market average. If beta = 1 it moves in line with the market; if it is negative it falls when the market rises. (See also ''covariance'') | |||
Revision as of 08:58, 25 February 2008
A numerical measure of the degree to which the value of an asset tracks the market average. If beta = 1 it moves in line with the market; if it is negative it falls when the market rises. (See also covariance)