The Beta coefficient and Portfolio/Risk management theory, are briefly described here
http://en.wikipedia.org/wiki/Modern_portfolio_theory http://en.wikipedia.org/wiki/Beta_coefficient Besides investment, these instruments may be used for demand/produrement strategies in deregulated commodity markets. Volatility may play a role here, and it seems that disaggregating may affect its measure. So for compound data it may be provided separately. --- Devon McCormick <[EMAIL PROTECTED]> wrote: > Brian - > > beta is the regression coefficient of an individual stock versus an index. > > The correlations I'm looking at are similar in that they are comparing > individual > funds to fund indexes. The problem is that the funds are privately held and > may > not provide returns with as great a frequency as the indexes. We are not > comparing risk so much as decomposing funds into indexes. > > Regards, > > Devon > > On 7/29/07, Brian Schott <[EMAIL PROTECTED]> wrote: > > > > Devon, > > > > In my limited reading of financial literature, it > > seems as if the standard by which stock risk is compared > > (one stock to another stock comparison) is "beta" which as I > > recall is a specialized regression analysis between market > > values and a stock index. Is there any precedent or > > literature about comparing pairs of stock returns using the > > "beta" analysis, and if so, would that be similar to your > > purpose for doing correlation analysis? > > > > (B=) > > ---------------------------------------------------------------------- > > For information about J forums see http://www.jsoftware.com/forums.htm > > > > > > -- > Devon McCormick, CFA > ^me^ at acm. > org is my > preferred e-mail > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm > ____________________________________________________________________________________ Sick sense of humor? Visit Yahoo! TV's Comedy with an Edge to see what's on, when. http://tv.yahoo.com/collections/222 ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
