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Hi,
I know we have BetaFunc() for prices but I read a recent report which shows that beta calculated using EV (Enterprise Value) significicantly outperforms price beta for quantitative and ranking purposes because it is way more stable over time.

We can't calculate the COVAR with a custom formula but we can get the VARIANCE with the STD DEV. Could it be possible for P123 to add this "Fundamental Beta" criterion?

Thanks alot!
Results: Total score: 20 , # of Votes: 6 , Average: 3.3
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8 (2)
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12 (4)
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Scores are calculated as (importance) × (# of votes), where importance ranges from 1 to 4.
Requested by: Quantonomics
On date: 05/23/13
Category: Factors and Functions

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