In part, because investors have learned to distinguish between the market return, dubbed beta, and managers' outperformance, known as alpha.
部分原因是因为投资者们开始学会在市场收益率，复制beta, alpha即经理人的突出表现之间进行分辨。
Based on CAPM, the authors obtained the expected return rate of entrepreneurs, the beta coefficient and risk premium of enterprises.
基于经典的资本资产定价(CAPM)理论，得到了企业家的期望收益率、企业的贝塔系数和风险溢价。
But there are other factors affecting the return of stock and there is no direct relation between stock return and the Beta.
但是，股票收益率不仅与贝塔之外的因子有关，而且与贝塔之间的关系也不是线性的。
But there are other factors affecting the return of stock and there is no direct relation between stock return and the Beta.
但是，股票收益率不仅与贝塔之外的因子有关，而且与贝塔之间的关系也不是线性的。
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