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long/short strategy has a beta of 0 or 1?

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I suppose that it could have whatever β you want.  Merely being long-short doesn’t, in isolation, imply a specific β.

Perhaps you’re thinking of a market-neutral (which is typically a long-short) strategy: that’s supposed to have β = 0.

Simplify the complicated side; don't complify the simplicated side.

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S2000magician wrote:

Perhaps you’re thinking of a market-neutral (which is typically a long-short) strategy: that’s supposed to have β = 0.

Yes!!!