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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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