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.