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The data below presents monthly closing prices of Standard & Poors 500 Index, Wal-Mart, and Target to calculate the holding-period returns for the 24 months

The data below presents monthly closing prices of Standard & Poors 500 Index, Wal-Mart, and Target to calculate the holding-period returns for the 24 months from May 2013 through May 2015

Month S&P500 Walmart Target
2013 May 1.631 74,84 69,50
June 1.606 74,49 68,86
July 1.684 77,94 71,25
August 1.633 72,98 63,31
September 1.682 73,96 63,98
October 1.757 76,75 64,79
November 1.806 81,01 63,93
December 1.848 78,69 63,27
2014 January 1.783 74,68 56,64
February 1.859 74,70 62,54
March 1.872 76,43 60,51
April 1.884 79,71 61,75
May 1.924 76,77 56,76
June 1.960 75,07 57,95
July 1.931 73,58 59,59
August 2.003 75,50 60,07
September 1.972 76,47 62,68
October 2.018 76,27 61,82
November 2.068 87,54 74,00
December 2.059 85,88 75,91
2015 January 1.995 84,98 73,61
February 2.105 83,93 76,83
March 2.068 82,25 82,07
April 2.086 78,05 78,83
May 2.182 75,86 79,29

According to Standard & Poors, the betas for Wal-Mart and Target are 0.28 and 0.75, respectively. Compare the meaning of these betas relative to the standard deviations calculated above. Answer the question in the context of the systematic and unsystematic risk.

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