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Hi WallStGolfer,
Great explanation, I have just done it and am slowly beginning to understand what I am looking at. One question though.
I am thinking that to be comparable the relative industry's betas need to adjusted in some way? (this is where I think I am missing something in my understanding)
Or do both securities need to be within the same SP500 industry sector (and hence a same industry beta?
I have taken one from the Advertising industry and the other from the Real estate industry.
Paul
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