beta Definition and Meaning in English (beta definition)
nounBeta definition: Beta is the second letter of the Greek alphabet, represented by the symbols Β (uppercase) and β (lowercase).
Definitions of Beta
- 1noun
Beta is the second letter of the Greek alphabet, represented by the symbols Β (uppercase) and β (lowercase).
- 2noun
A beta version refers to a preliminary release of a software product that is made available for testing by a limited group of users before its official launch.
- 3noun
In financial markets, beta is a statistical measure that quantifies the volatility or systematic risk of a security or portfolio in relation to the overall market.
Example Sentences
“The scientist used the Greek letter beta to denote a specific variable in the equation.”
“Many users are eager to try out the beta version of the new mobile application.”
“Investors often look at a stock's beta to understand its sensitivity to market movements.”
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