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Beta
Risk is an important consideration in holding any portfolio. The risk in holding securities is generally associated with the possibility that realised returns will be less than the returns expected.

Risks can be classified as Systematic risks and Unsystematic risks.

Unsystematic risks:
These are risks that are unique to a firm or industry. Factors such as management capability, consumer preferences, labour, etc. contribute to unsystematic risks. Unsystematic risks are controllable by nature and can be considerably reduced by sufficiently diversifying one's portfolio.


Systematic risks:
These are risks associated with the economic, political, sociological and other macro-level changes. They affect the entire market as a whole and cannot be controlled or eliminated merely by diversifying one's portfolio.


What is Beta?

The degree to which different portfolios are affected by these systematic risks as compared to the effect on the market as a whole, is different and is measured by Beta. To put it differently, the systematic risks of various securities differ due to their relationships with the market. The Beta factor describes the movement in a stock's or a portfolio's returns in relation to that of the market returns. For all practical purposes, the market returns are measured by the returns on the index (Nifty, Sensex), since the index is a good reflector of the market.

I have provided Beta values ( from NSE) with volatility for many companies.A good combination can ensure stable profit

Sr. No > Security Symbol > Industry > Beta > Volatility %
1 > ABB > Electrical Equipment > 0.91 > 2.69
2 > ACC > Cement & Cement Products > 1.02 > 3
3 > BAJAJAUTO > Automobiles - 2 and 3 wheelers > 0.74 > 2.46
4 > BHARTIARTL > Telecommunication - Services > 1.11 > 1.83
5 > BHEL > Electrical Equipment > 1.13 > 2.84
6 > BPCL > Refineries > 0.66 > 1.75
7 > CIPLA > Pharmaceuticals > 0.85 > 1.94
8 > DABUR > Personal Care > 0.54 > 2.1
9 > DRREDDY > Pharmaceuticals > 0.6 > 1.3
10 > GAIL > Gas > 0.56 > 1.89
11 > GLAXO > Pharmaceuticals > 0.5 > 1.48
12 > GRASIM > Cement & Cement Products > 0.85 > 1.81
13 > AMBUJACEM > Cement & Cement Products > 0.89 > 2.24
14 > HCLTECH > Computers - Software > 0.97 > 1.92
15 > HDFC > Finance - Housing > 0.89 > 2.28
16 > HDFCBANK > Banks > 1.02 > 1.95
17 > HEROHONDA > Automohiles - 2 and 3 wheelers > 0.52 > 2.09
18 > HINDALCO > Aluminium > 0.88 > 2.85
19 > HINDUNILVR > Diversified > 0.84 > 2.71
20 > HINDPETRO > Refineries > 0.71 > 1.41
21 > ICICIBANK > Banks > 1.1 > 1.4
22 > INFOSYSTCH > Computers - Software > 0.8 > 1.67
23 > IPCL > Petrochemicals > 1.05 > 1.64
24 > ITC > Cigarettes > 0.64 > 2.35
25 > RPL > Refineries > 0.55 > 1.61
26 > LT > Engineering > 1.18 > 2.79
27 > MARUTI > Automobile - 4 wheelers > 1 > 1.41
28 > M&M > Automobile - 4 wheelers > 1.12 > 2.28
29 > MTNL > Telecommunication - Services > 0.9 > 1.94
30 > NATIONALUM > Aluminium > 0.67 > 2.96
31 > ONGC > Oil Exploration > 0.9 > 1.71
32 > STER > Metals > 1.24 > 2.89
33 > PNB > Banks > 1.32 > 2.54
34 > RANBAXY > Pharmaceuticals > 0.7 > 2.47
35 > REL > Power > 0.85 > 3.09
36 > RELIANCE > Refineries > 0.99 > 1.68
37 > SAIL > Steel & Steel Products > 1.4 > 3.28
38 > SATYAMCOMP > Computers - Software > 1.09 > 2.8
39 > SBIN > Banks > 1.26 > 2.04
40 > SIEMENS > Electrical Equipment > 1.11 > 2.35
41 > SUNPHARMA > Pharmaceuticals > 0.66 > 1.13
42 > SUZLON > Electrical Equipment > 1.1 > 2.73
43 > TATAPOWER > Power > 0.71 > 1.97
44 > RCOM > Telecommunication - Services > 1.36 > 2.17
45 > TATAMOTORS > Automobile - 4 wheelers > 1.11 > 2.22
46 > TCS > Computers - Software > 0.95 > 2.02
47 > TATASTEEL > Steel & Steel Products > 1.11 > 2.55
48 > VSNL > Telecommunication - Services > 1.11 > 1.53
49 > WIPRO > Computers - Software > 1.15 > 1.58
50 > ZEEL > Media & Entertainment > 1.11 > 2.49

Sr.no. > Security Symbol > Beta > Volatility
1 > ANDHRABANK > 0.99 > 2.44
2 > APOLLOTYRE > 0.59 > 2.79
3 > ASHOKLEY > 1.11 > 1.63
4 > ASIANPAINT > 0.4 > 1.27
5 > AUROPHARMA > 0.59 > 0.89
6 > AVENTIS > 0.39 > 1.26
7 > BANKBARODA > 1.36 > 2.32
8 > BANKINDIA > 1.67 > 2.61
9 > BEL > 1.04 > 1.49
10 > BHARATFORG > 0.89 > 1.41
11 > BIOCON > 0.59 > 2.04
12 > BONGAIREFN > 0.76 > 2.04
13 > CADILAHC > 0.51 > 1.47
14 > CANBK > 1.54 > 2.6
15 > CHENNPETRO > 0.69 > 2.15
16 > RELCAPITAL > 1.37 > 2.48
17 > ULTRACEMCO > 0.95 > 2.92
18 > CORPBANK > 1.27 > 2.52
19 > CUMMINSIND > 1.15 > 2.51
20 > INDHOTEL > 0.78 > 0.72
21 > CONCOR > 0.44 > 0.94
22 > I-FLEX > 0.58 > 1.37
23 > GMRINFRA > 1.33 > 4.83
24 > IDBI > 1.72 > 2.1
25 > IFCI > 1.7 > 3.91
26 > INGERRAND > 0.69 > 3.49
27 > IOB > 1.08 > 2.87
28 > JPASSOCIAT > 1.29 > 2.86
29 > KOTAKBANK > 0.94 > 1.9
30 > LICHSGFIN > 0.99 > 2.15
31 > LUPIN > 0.64 > 1.95
32 > MOSERBAER > 1.13 > 2.23
33 > MPHASIS > 1.1 > 2.98
34 > NICOLASPIR > 0.84 > 1.86
35 > NIRMA > 0.42 > 0.82
36 > PATNI > 0.74 > 2.26
37 > PFIZER > 0.43 > 0.81
38 > POLARIS > 1.27 > 2.09
39 > PUNJABTRAC > 0.4 > 1.51
40 > RAYMOND > 0.42 > 1.12
41 > IDFC > 1.44 > 2.81
42 > TECHM > 0.85 > 2.03
43 > SYNDIBANK > 1.33 > 2.45
44 > TTML > 1 > 2.53
45 > TVSMOTOR > 1.14 > 2.02
46 > UNIONBANK > 1.25 > 3.45
47 > UTIBANK > 1.01 > 1.6
48 > VIJAYABANK > 1.12 > 2.41
49 > INGVYSYABK > 0.71 > 2.78
50 > WOCKPHARMA > 0.75 > 1.5