Ben-David, Nissim; Ben-David, Evyatar - In: Journal of Prediction Markets 5 (2011) 1, pp. 26-30
In this paper, we calculated the average daily return and the Betas of Israeli stocks for the period April 1st 2009 – April 1st 2010. The correlation coefficient between return and Beta is 0.47. Although we find that the econometric relation between return and Beta is statistically...