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Note:
Beta is a measure of how a particular stock's price
moves relative to the market as a whole. It is usually
described as a measure of volatility. There are individual
stock betas and industry betas.
A beta of
1.0 indicates that the stock's price moves exactly
with the overall market. For example, if the market
goes up 10%, the stock price goes up 10%. If the market
goes down 10%, so does the stock.
Beta is
calculated over a period of months and does not necessarily
hold true on a daily basis.
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