Series 66 Video #14: Alpha vs Beta
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Beta
the measure of the volatility of a portfolio or a stock versus the overall market
Alpha
what you do above that excessive return, like a risk-adjusted return -it is what you do better than expected
A beta of 2 means...
it moves 2x as fast as the market
A beta of -1 means...
it moves the same amount but the opposite way
A beta of 1 means..
it moves with the market
