zero-beta asset
Any investment that does not correlate with a broad based stock market index, such as the Dow Jones Industrial Average (DJIA), or overall market results is a zero-beta asset.
zero-beta asset
Any investment that does not correlate with a broad based stock market index, such as the Dow Jones Industrial Average (DJIA), or overall market results is a zero-beta asset.
Additional Information
Financial risk is heightened when all investments in a portfolio are subject to the same risk factors. This is known as correlation.
