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About beta

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29 November 2014 full details about beta calculation&need of beta
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 November 2014 This term is used in 2 context.
01. Beta version of software. : The testing mode is ensured in the beta versions.
02. Beta of a security in Security market.
It is calculated on the rate of change in the value of security with respect to its peer (Say index) It is a statistics based correlation coefficient kind of formula.
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