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BETA volatility measure to compare FTSE100 stocks
Hello there, I am dexter and I am new to the forum.
I calculated BETA for all FTSE100 stock using FTSE100 as benchmark index. In all cases Beta < 1
Shouldn't beta be > 1 for some of the stocks in order to have a benchmark index that is the average of the various stocks?
Am I missing something?
Can someone please explain why I haven't found any stock with beta > 1?
Thank you a lot!!
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