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Report From the Equity Research Seminar:Part I: What's New About Beta? (Section A)
Aug 1, 1988
In this report we look at the various interpretations of beta: historical beta which measures the past response of an asset (or portfolio) to market return; a forecast of beta, or fundamental beta, that predicts how an asset (or portfolio) will respond to future market returns; and the CAPM interpretation of beta which links expected return to an asset's beta.