Beta (finance)/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>Nick Gardner No edit summary |
imported>Nick Gardner No edit summary |
||
| Line 1: | Line 1: | ||
A numerical measure of the degree to which the | A numerical measure of the degree to which the price 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 10:00, 25 February 2008
A numerical measure of the degree to which the price 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)