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.
||The number of bars used in calculation of variance and covariance.|
||The number of bars used to calculate the rate of change.|
||The benchmark index against which the Beta2 coefficient is calculated.|
||The Beta2 plot.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.