Beta has been a controversial measure of risk ever since it was proposed almost half a century ago, and we do not …, and explore the merits of beta in that context. Ultimately, we ask two questions: 1) Is beta a good measure of risk? And … of beta outperforms a passive strategy in terms of both returns and risk-adjusted returns …

Beta has been a controversial measure of risk ever since it was proposed almost half a century ago, and we do not … measure of risk? And, 2) is beta a valuable tool for portfolio selection? Our evidence, spanning over 47 countries, 57 …

Beta has been a controversial measure of risk ever since it was proposed almost half a century ago, and we do not … measure of risk? And, 2) is beta a valuable tool for portfolio selection? Our evidence, spanning over 47 countries, 57 …

Beta has been a controversial measure of risk ever since it was proposed almost half a century ago, and we do not … measure of risk? And, 2) is beta a valuable tool for portfolio selection? Our evidence, spanning over 47 countries, 57 …