Cryptocurrency Q&A
Where can I find the beta of stock?
Where can I find the beta of stock?
Carlo
Sat Aug 17 2024
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6 answers
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Excuse me, could you please clarify where I might locate the beta of a particular stock? I'm looking to analyze the risk associated with investing in it, and I understand that the beta is a crucial metric for doing so. Would you happen to know if there's a specific financial website, software, or platform that offers reliable beta calculations for stocks? Alternatively, is there a formula I could use to calculate it myself, if the information is readily available? Thank you in advance for your assistance.
6 answers
Silvia
Mon Aug 19 2024
A spreadsheet program is an invaluable tool for this purpose, as it allows for efficient and accurate calculations of covariance and variance.
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CryptoQueen
Mon Aug 19 2024
Calculating the beta value of a stock is a crucial step in financial analysis, as it provides insights into the stock's volatility relative to the market.
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JejuJoy
Sun Aug 18 2024
For example, if a stock returned 8% last year while the index returned 5%, a rough estimate of the stock's beta can be calculated as 8 / 5 = 1.6.
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HallyuHero
Sun Aug 18 2024
The covariance of the stock and index returns is a measure of how the two move together, capturing their joint variability.
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SeoulSerenitySeekerPeaceLover
Sun Aug 18 2024
This covariance is then divided by the variance of the index, which represents the index's own variability.
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