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2.5.4 Risiko Pasar (Market Risk) – Beta
eta
is
sensitivity
of
a
stock's
return
to
the
return
on
the
market
portfolio.
ome
stocks
are
less
affected
than
others
by
market
fluctuations.
efensive stocks
(have
low betass betas
less than 1.0) are
not
very sensitive
to
market
fluctuations. In
contrasts
aggressive
stocks
(have
high
betass
betas
greater
than
1.0) amplify
any
market movements." (Brealey, Myers, Marcus, 2001, p290-291)
eta
is
a
measure
of
the
relationship
between
an
investment's
returns
and
the
market's
returns.
his
is
a
measure of the investment's nondiversifiable
risk."
(Keown, Martin, Petty, Scoot, 2002, p186)
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