OPEN-SOURCE SCRIPT
BETA (against any benchmark index - defaulted to NSE:NIFTY)
Beta value of a stock relative to benchmark index. Thanks to Ricardo Santos for the original script. This script is adapted from it.
To understand beta, refer Investopedia link: investopedia.com/terms/b/beta.asp
A beta value of 1 means the stock is directly correlated to benchmark index - volatility would be same as overall market.
Beta value less than 1 and greater than 0 means the stock is less volatile than the market.
Beta value more than 1 would mean the stock is more volatile than the market.
A beta value of 1.2 would roughly translate to the stock being 20% more volatile than the overall market.
A negative beta value indicates the stock is inversely correlated to market.
In the example chart, you can see the Beta value change in NSE:RELIANCE with respect to NSE:NIFTY.
To understand beta, refer Investopedia link: investopedia.com/terms/b/beta.asp
A beta value of 1 means the stock is directly correlated to benchmark index - volatility would be same as overall market.
Beta value less than 1 and greater than 0 means the stock is less volatile than the market.
Beta value more than 1 would mean the stock is more volatile than the market.
A beta value of 1.2 would roughly translate to the stock being 20% more volatile than the overall market.
A negative beta value indicates the stock is inversely correlated to market.
In the example chart, you can see the Beta value change in NSE:RELIANCE with respect to NSE:NIFTY.
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开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。