Knight Swift Transpo has a beta of 0.1269. Let's try to break down what Knight's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Knight Swift will likely underperform. The beta indicator helps investors understand whether Knight Swift moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Knight deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns.