RDP 9802: Systematic Risk Characteristics of Corporate Equity Equation (3)

β ^ it = Cov( r it , r mt ) Var( r mt ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbiqaaWBadaqiaa qaaiabek7aIbGaayPadaWaaSbaaSqaaiaadMgacaWG0baabeaakiab g2da9maalaaabaGaam4qaiaad+gacaWG2bWaaeWaaeaacaWGYbWaaS baaSqaaiaadMgacaWG0baabeaakiaacYcadaWfGaqaaiaadkhaaSqa beaacqWI8iIoaaGcdaWgaaWcbaGaamyBaiaadshaaeqaaaGccaGLOa GaayzkaaaabaGaamOvaiaadggacaWGYbWaaeWaaeaadaWfGaqaaiaa dkhaaSqabeaacqWI8iIoaaGcdaWgaaWcbaGaamyBaiaadshaaeqaaa GccaGLOaGaayzkaaaaaaaa@51B9@