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| **PineScript** | [beta.pine](beta.pine) |
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- Beta measures the volatility of an asset in relation to the overall market.
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- **Similar:** [Correlation](../correlation/Correlation.md), [Covariance](../covariance/Covariance.md) | **Trading note:** Beta coefficient; measures systematic risk vs benchmark. β>1 = amplifies market moves.
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- **Similar:** [Correl](../correl/Correl.md), [Covariance](../covariance/Covariance.md) | **Trading note:** Beta coefficient; measures systematic risk vs benchmark. β>1 = amplifies market moves.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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Beta measures the volatility of an asset in relation to the overall market. It's the slope of the regression line between the asset's returns and the market's returns. A beta of 1.0 means the asset moves in lockstep with the market. A beta of 2.0 means the asset is twice as volatile as the market.
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