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Estimate stock beta, alpha, and expected return using CAPM.
A beta of 1.5 means the stock is 50% more volatile than the market. If the market rises 10%, the stock is expected to rise 15%.
Negative beta means the stock moves inversely to the market. Gold and some inverse ETFs can have negative betas.
No. This is a simplified single-period CAPM calculation. True regression beta uses historical return series to estimate the slope coefficient.