Raw Beta
The unmodified slope from regressing a stock’s returns against an index. Meaningless without saying which index and over what window: the same company can print a defensive beta against one benchmark and a cyclical one against another, purely because the index compositions differ. A single regression beta also carries a wide standard error, which is the argument for building one bottom-up instead. Work through it interactively in the Beta Refresher lab at /labs/beta.
Go deeper
This term comes up constantly in valuation interviews and on the desk.
DCF interview questions guideRelated Valuation terms
Go further than reading
The written material is free. These are the ways to get it applied to your own work.
CV Review by a Human
Written margin-note feedback on structure, impact bullets and ATS-readability. Reviewed by Suro, not an AI score.
$25 48h turnaround
Cover Letter Review by a Human
Line-by-line review of argument, tailoring and tone, with a rewritten opening as a worked example.
$50 48h turnaround
Inner Circle
Membership: premium tools, role intros, the private community and members-only intel.
$79 /month
Browse the full glossary — 150+ finance recruiting and technical terms, in plain English.