Beta Measures Market Risk Except When It Doesn’t:
Regime-Switching Alpha and Errors in Beta

James Chong and G. Michael Phillips
The Journal of Wealth Management Winter 2011, 14 (3) 67-72; DOI: https://doi.org/10.3905/jwm.2011.14.3.067

Article Information

vol. 14 no. 3 67-72
DOI 
https://doi.org/10.3905/jwm.2011.14.3.067
Published By 
Pageant Media Ltd
Print ISSN 
1534-7524
Online ISSN 
2374-1368
History 
  • Published online October 31, 2011.
Copyright & Usage 
© 2011 Pageant Media Ltd

Author Information

  1. James Chong
    1. is an associate professor at California State University, Northridge, and a research economist at MacroRisk Analytics in Pasadena, CA. (jchong{at}macrorisk.com)
  2. G. Michael Phillips
    1. is a professor at California State University, Northridge, and the chief scientist at MacroRisk Analytics in Pasadena, CA. (mphillips{at}macrorisk.com)
  1. To order reprints of this article, please contact Dewey Palmieri at dpalmieri{at}iijournals.com or 212-224-3675.
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Beta Measures Market Risk Except When It Doesn’t:
Regime-Switching Alpha and Errors in Beta
James Chong, G. Michael Phillips
The Journal of Wealth Management Oct 2011, 14 (3) 67-72; DOI: 10.3905/jwm.2011.14.3.067
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