Millicom International Cellular Stock Statistic Functions Beta

This analysis covers twenty-five data points across the selected time horizon. The Beta measures systematic risk based on how returns on Millicom International correlated with the market. If Beta is less than 0 Millicom International generally moves in the opposite direction as compared to the market. If Millicom International Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Millicom International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Millicom International is generally in the same direction as the market. If Beta > 1 Millicom International moves generally in the same direction as, but more than the movement of the benchmark.