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You have the following monthly returns on PumpJack Oil Co. and the U.S. stock market. Month Monthly total return on PumpJack Oil stock (%) Monthly
You have the following monthly returns on PumpJack Oil Co. and the U.S. stock market.
Month | Monthly total return on PumpJack Oil stock (%) | Monthly total return on the U.S. stock market (%) |
1 | 1 | 7 |
2 | 15 | 2 |
3 | -4 | -5 |
4 | 25 | 14 |
5 | 27 | 2 |
6 | 4 | -8 |
Estimate the market beta for PumpJack Oil Co.
Enter your estimate to 2 decimal places of accuracy. If beta is negative, include the minus sign in your answer.
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