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SP 500 Statistic Functions Beta

SP
GSPC -- USA Index  

 3,370  9.87  0.29%

SP 500 statistic-functions tool provides you with the Statistic Functions execution environment for running Beta function against SP 500. SP 500 statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.
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The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on SP 500 correlated with the market. If Beta is less than 0 SP 500 generally moves in the opposite direction as compared to the market. If SP 500 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SP 500 is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SP 500 is generally in the same direction as the market. If Beta > 1 SP 500 moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

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