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Beta Calculator
Stock volatility relative to the market.
Enter values to see your result
Frequently asked questions
What's a typical beta?
Nifty stocks: 0.7–1.5 range. Banks and IT: 1.2–1.8. FMCG/utility: 0.5–0.8. Small-caps often >1.5.
Is low beta always defensive?
Mostly yes. But beta is historical. A stable stock can become volatile in crises. Gold beta is often negative — true diversifier.
Beta vs correlation?
Correlation is directional (0 to 1). Beta accounts for direction AND volatility magnitude. Two stocks can have same correlation with market but very different betas.
Use beta in CAPM?
Expected return = RiskFree + β × (Market return - RiskFree). CAPM is theoretical but still widely used in discount rate calculations.