Assertion: beta | /r/HasProperty | calculated as the covariance
Facets:
value: between a stock’s return
type: OTHER
value: for those few
type: OTHER
Source sentences:
text: The first is to use the formula for beta, which is calculated as the covariance between the return (r a ) of the stock and the return (r b ) of the index divided by the variance of the index (over a period of three years).
text: For those few of you that remember your statistics and like precision, Beta is calculated as the covariance between a stock’s return and the market return divided by the variance of the market return.