β (beta) coefficient is a relative index to measure the overall volatility of fund returns relative to performance evaluation benchmark returns. The higher the beta coefficient, the greater the volatility of the fund relative to the performance evaluation benchmark. If the β coefficient is greater than 1, the volatility of the fund is greater than that of the performance evaluation benchmark. or vice versa, Dallas to the auditorium

If the beta coefficient is 1, the market will rise by 10% and the fund will rise by10%; The market fell 10%, and the fund fell accordingly 10%. If the beta coefficient is 1. 1 and the market rises 10%, the fund rises11%; When the market falls 10%, the fund falls 1 1%. If the beta coefficient is 0.9 and the market rises 10%, the fund will rise by 9%; When the market fell 10%, the fund fell by 9%.

Compared with similar funds, such as Huaxia market is a stock fund, and of course it is also a similar stock fund. Can't be compared with bond funds.

Relative fund index is similar, there will be various indexes in the market, such as Shanghai Stock Exchange and Shenzhen Stock Exchange, and the relative benchmark index is the index reflecting such funds.

Comparing these two, you can know whether the fund you choose is good or bad with the same type of fund!