Rank: Newbie
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Joined: 1/12/2006(UTC)
Posts: 4
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Hey all! - As I am redefining my portfolio, I would like to determine the beta of the stocks I currently own. Does anyone ever tried to write a formula for Metastock? I searched the forum, but there was nothing about beta.
Wikipedia page : Beta coefficient
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey sev.... meta has a beta indicator , or at least 9.1 does.... there are several sites with beta formula's , such as paritech's..... those formula's are highly customizable.....
seem's i had problem's getting them to work, can't really remember what the deal was, but do remember some kinda issue.......h
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 1/12/2006(UTC)
Posts: 4
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Hey ! Thank allot! This exactly the the kind of function I was looking for. The formula listed for alpha was: [code:1:699f952ca1]( Sum( ROC( CLOSE ,1 ,% ) ,21 ) - ( Fml( "Beta" ) * Sum( ROC( INDICATOR,1,%) ,21 ) ) ) / 21[/code:1:699f952ca1] Wher I changed the INDICATOR with [code:1:699f952ca1]Security("S&P",C) [/code:1:699f952ca1] to make it work!
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