BetaNYSE

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Description

This formula compares the relative volatility of a New York Stock Exchange stock to the Dow Jones 30 Industrials Index.

 

 

Formula

BetaNYSE(SERIES)=begin

   thisIndex = VolatilityEx(INDU)

   thisInstrument = VolatilityEx($1)

   retval = Diff(thisInstrument, thisIndex)

end

 

 

Note that the symbols embedded in the formula vary from feed to feed.

 

Parameters

SERIES

The SERIES directive makes this formula available as a Formula Study. SERIES refers to the instrument in a chart. SERIES does not become a study parameter.

 

 

Return Value

A relative volatility value.

 

 

Examples

 

 

Comments

NA

 

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