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BETA

Type: beta • Category: indicators

Description​

Beta dwóch serii danych

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
real0stringFirst data seriesno
real1stringSecond data seriesno
timeperiodnumberNumber of periods to use for BETA calculationno5

Help​

BETA

Description​

The BETA worker is a financial analysis indicator that calculates the beta of two data series. Beta is a measure of the volatility, or systematic risk, of an asset or a portfolio in relation to the overall market.

What does this worker do?​

This worker calculates the beta of two data series, real0 and real1, over a specified timeperiod. The beta is a statistical measure that describes the relationship between the two data series and the market as a whole.

How to interpret the results?​

The beta value can be interpreted as follows:

  • A beta of 1 means that the data series moves in line with the market.
  • A beta greater than 1 means that the data series is more volatile than the market.
  • A beta less than 1 means that the data series is less volatile than the market.

How to use this worker?​

To use this worker, simply provide the following parameters:

  • dataExp: prices data
  • real0: First data series
  • real1: Second data series
  • timeperiod: Number of periods to use for BETA calculation

Example usage​

For example, you can use this worker to calculate the beta of two stock prices over a 30-day period.

Indicator usage example​

For a visual example of how to use this indicator, please see the following GIFs:

Full example​

[![Full example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short example​

[![Short example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional information​

The beta indicator is commonly used in finance to measure the systematic risk of an investment. A high beta indicates that the investment is more volatile than the market, while a low beta indicates that it is less volatile. This information can be useful for investors who want to manage their risk exposure.

Parameters​

  • dataExp: prices data
  • real0: First data series
  • real1: Second data series
  • timeperiod: Number of periods to use for BETA calculation