Hello,
pls have a look on the attached backtest.
It just buys QQQ (or SPY).
Why is the beta close to 0? It should be close to 1.
Same results with SPY and QQQ.
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User asks why beta is close to 0 in a backtest buying QQQ/SPY. Same results with both.
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Backtest Statistics: Calculation of Beta
Eugene | February 2020
Hello,
pls have a look on the attached backtest.
It just buys QQQ (or SPY).
Why is the beta close to 0? It should be close to 1.
Same results with SPY and QQQ.
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