Dr. Avinash Hanmant Ghadage
Abstract: A companys beta is a measure of the volatility, or systematic risk, of a security, compared to the broader market. The beta of a company measures how the companys equity market value changes with changes in the overall market. It is the slope coefficient obtained through regression analysis of the stock return against the market return.
Keywords: Beta, systematic risk, unsystematic risk, volatility, security, portfolio