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By definition, the value-weighted average of all market-betas of all investable assets with respect to the value-weighted market index is 1. If an asset has a beta above 1, it indicates that its return moves more than 1-to-1 with the return of the market-portfolio, on average; that is, it is more volatile than the market.

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Charges fell even because the nation’s inhabitants of highschool graduates grew, and regardless of economic upheaval, which typically drives more individuals into higher training.

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