On March 28, 2019, Netflix had an equity beta of 1.56 calculated over the last three years

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On March 28, 2019, Netflix had an equity beta of 1.56 calculated over the last three years using monthly returns on Netflix and the S&P 500 as the market proxy. The S&P 500 and Netflix had a standard deviation of returns of 10.74% and 40.72% over the same time horizon. What was the correlation in returns between Netflix and the S&P 500?

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Multinational Financial Management

ISBN: 9781119559900

11th Edition

Authors: Alan C Shapiro, Paul Hanouna

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