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Implication of negative beta

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A stock had a 12% return last year, a year when the overall stock market declined. Does this mean that the stock has a negative beta and thus very little risk if held in a portfolio? Can you please explain that

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The solution explains the impact of negative beta on financial planning for the investor

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A stock had a 12% return last year, a year when the overall stock market declined. Does this mean that the stock has a negative beta and thus very little risk if held in a portfolio.

According to the wikipedia
The Beta ...

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