Beta Version

Say the word beta to a tech professional and an investor and each will interpret it differently. The tech professional will instinctively think of the software implication. Beta, as most of us would know, is the last leg of the software testing phase. It is not the final version of a product or website but close enough to show in public and work the bugs out. Now ask the finance professional or investor and he will immediately think of volatility. Simply put, beta is the measure of a fund's (or stock's) volatility relativ

This article was originally published on July 13, 2007.