Assume that the beta for Intel is 1.10. Therefore, we know that Intel has slightly more systematic risk than the market as a whole. That is, on average, its stock price fluctuates more than average relative to the market. If, for example, the market rises 10 percent over the next year, investors should expect Intel to rise 11 percent based on its beta of 1.10. In a market decline, Intel would be expected to decline more than the market. If the market declined 10 percent, Intel would be expected to decline by 11 percent.