LEARN MORE ABOUT BETA

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  https://www.google.com/search?q=what+is+beta+5+year+monthly 
• https://www.google.com/search?q=what+is+beta+5+year+monthly
  
• What is a good beta?
  Key Takeaways. Beta is a concept that measures the expected move in a stock relative to movements in the overall market. A beta greater than 1.0 suggests that the stock is more volatile than the broader market, and a beta less than 1.0 indicates a stock with lower volatility
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• https://www.jstor.org/stable/4478650
  
• https://www.investopedia.com/terms/b/beta.asp
  
•  A stock with a beta of 1.0 has systematic risk. However, the beta calculation can’t detect any unsystematic risk. Adding a stock to a portfolio with a beta of 1.0 doesn’t add any risk to the portfolio, but it also doesn’t increase the likelihood that the portfolio will provide an excess return.

Beta Value Less Than One

• A beta value that is less than 1.0 means that the security is theoretically less volatile than the market. Including this stock in a portfolio makes it less risky than the same portfolio without the stock. For example, utility stocks often have low betas because they tend to move more slowly than market averages.

•  if a stock's beta is 1.2, it is assumed to be 20% more volatile than the market. Technology stocks and small cap stocks tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but may also increase its expected return.

• . From a practical perspective, a low beta stock that's experiencing a downtrend isn’t likely to improve a portfolio’s performance.

• However, since beta is calculated using historical data points, it becomes less meaningful for investors looking to predict a stock's future movements.

  Beta is also less useful for long-term investments since a stock's volatility can change significantly from year to year, depending upon the company's growth stage and other factors.

• Capital Asset Pricing Model (CAPM)

  The Capital Asset Pricing Model is a model that describes the relationship between risk and expected return
• If a stock is riskier than the market, it will have a beta greater than one. If a stock has a beta of less than one, the formula assumes it will reduce the risk of a portfolio..
• https://www.investopedia.com/terms/c/capm.asp