Beta2

Description

The Beta2 coefficient is a version of the regular Beta, both being measures of the systematic risk of a security.

Instead of variance of market's rate of change (as in Beta), Beta2 uses variance of security's rate of change.

Input Parameters

Parameter Description
length The number of bars used in calculation of variance and covariance.
return length The number of bars used to calculate the rate of change.
index The benchmark index against which the Beta2 coefficient is calculated.

Plots

Plot Description
Beta2 The Beta2 plot.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.