Homonym: βήτα (Letter)
The term "βήτα" (beta) is the second letter of the Greek alphabet. In the Greek numeral system, it has a value of 2. The letter is often used in various fields, including mathematics, science, and finance, to denote a second version of a product or a variable in equations.
In finance, "βήτα" refers to a measure of a stock's volatility in relation to the overall market. A beta value greater than 1 indicates that the stock is more volatile than the market, while a value less than 1 suggests it is less volatile. This concept is important for investors assessing risk.