Question
The covariance between The Goldman Sachs Group, Inc.'s (Ticker: GS) returns and the market's returns is 0.002789299. The variance of the market's returns is 0.001890444.
The covariance between The Goldman Sachs Group, Inc.'s (Ticker: GS) returns and the market's returns is 0.002789299. The variance of the market's returns is 0.001890444. Calculate and interpret Goldman Sachs Group, Inc.'s beta. Round your answer to two decimal places.
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Quantitative Finance Its Development Mathematical Foundations And Current Scope
Authors: T. Wake Epps
1st Edition
0470431997, 9780470431993
