Beta Factor

beta_factor

Function Name: beta_factor

Tags: None

Category: Other

The Beta Factor indicates the relationship of the yield of a single stock and the relative market movements of an index, and indicates the extent of the risk of a particular stock. Since the stock index mirrors the circumstances of a market, Beta Factor represents the development of a stock within the general market growth direction. It shows to what extent a single price follows the trend of the market.

 

Bases

Source1

Choose a symbol of a security, for example a DAX stock. By default, the first symbol that is shown on the chart is used.

Source2

Choose a symbol for the corresponding market index, for example the DAX.

If the index is not visible on the chart at the moment, you can choose it with Symbol Search by clicking on Other.

Parameters

period

 

Default Value: 10  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

UseRoC

 

Default Value: -1

 

Type: Boolean