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Portfolio beta is simply the weighted average beta of all stocks and securities that you own.
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G.R. Tiberius (Dividend Growth Investing and Portfolio Management: Use the Power of Dividend Growth to Create a Winning Portfolio (Kenosis Books: Investing in Unpredicatable Markets Book 2))
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Beta helps us capture the sensitivity of a stock’s price in comparison to the entire index. If the beta of Stock A is 0.80, it means that when the market index moves by one basis point, the value of Stock A will move 0.80 basis points in the same direction.
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G.R. Tiberius (Dividend Growth Investing and Portfolio Management: Use the Power of Dividend Growth to Create a Winning Portfolio (Kenosis Books: Investing in Unpredicatable Markets Book 2))