In the context of finance, the term 'beta' refers to the

UPSC Prelims 2023 Economy

Explanation

* The beta value of a stock measures how much its price moves compared to the overall market: * Beta > 1: Stock is more volatile than the market (moves more). * Beta < 1: Stock is less volatile than the market (moves less). * Beta = 1: Stock moves in line with the market.

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