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BETA COEFFICIENT

Sergio Hincapie

Created on April 13, 2023

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Transcript

Beta Coefficient

What is it?

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Beta Coefficient

Conclusion

FAQs

Risk exposure and correlation with the general market trends

QUIZ

Beta Coefficient

What is it?

E(Ri)

Rf

[E(Rm) - Rf]

E(Ri) = Rf + βi [E(Rm) - Rf]

βi

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Beta (β) is used to measure how volatile and how risky a stock is. It is a measurement of how volatile a stock is relative to the overall stock market, usually as measured by the S&P 500 index. If a stock has a beta of two, and the market falls 10%, the stock would, theoretically, fall 20%

Conclusion

FAQs

The higher beta is, the more market risk there is in the stock.

QUIZ

Beta Coefficient

What is it?

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

QUIZ

Beta Coefficient

What is it?

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

QUIZ

PROS

Beta Coefficient

What is it?

Used in CAPM formula

Easy to understand

Useful for assessing a portfolio

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

Backward-looking

Volatile metric

Only measures systematic risk

CONS

QUIZ

Beta Coefficient

What is it?

Now that you know the concept of beta and how to get the list of high volatility stocks, you may be wondering if you should invest in these stocks. Well, the answer solely depends on two factors:

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

Your risk tolerance and return expectation

Your experience in stock markets

QUIZ

Beta Coefficient

What is it?

There you go! By now, you may have understood what is a high beta stock, its merits and demerits, and whether you should invest in it or not. You also know how to get the list of high-volatility stocks using Tickertape Stock Screener. Be mindful of not basing your investment decisions on the beta of a stock alone. Ensure to look at more than just the beta value. Evaluating the company’s internal management and conducting fundamental and technical analysis of the stock is equally important.

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

QUIZ

Beta coefficient (β): A measure of a stock's volatility compared to the overall market. It indicates how sensitive a stock's price is to changes in the market index. Volatility: A statistical measure of the dispersion of returns for a security or market index. It represents the degree of variation of a financial instrument's price over time. Systematic risk: The risk inherent to the entire market or market segment, also known as market risk or non-diversifiable risk. It cannot be eliminated through diversification. Unsystematic risk: The risk specific to an individual stock or industry, also known as company-specific risk or diversifiable risk. It can be reduced or eliminated through diversification. Covariance: A measure of how two variables, such as stock returns and market index returns, move together. Variance: A statistical measure of the dispersion of a set of data points, such as the returns of a market index. It helps quantify the risk associated with the index.

Beta Coefficient

What is it?

Its interpretation

How to calculate

The pros and cons

High beta stocks?

Conclusion

FAQs

QUIZ