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What is the beta of SENSEX scrips?
Beta measures the sensitivity of a scrip movement relative to
movement in the benchmark index i.e. SENSEX. A Beta of one means that for every
change of 1% in index, the scrip moves by 1%. Statistically Beta is defined as:
Covariance (SENSEX, Stock )/ Variance(SENSEX)
Note: Covariance and variance are calculated from the Daily Returns data of the
SENSEX and SENSEX scrips.
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