Modified betas There has also been research into a mean-reverting beta often referred to as the adjusted beta, as well as the consumption beta. However, in empirical tests the traditional CAPM has been found to do as well as or outperform the modified beta models.
Modified betas There has also been research into a mean-reverting beta often referred to as the adjusted beta as well as the consumption beta However in empirical tests the traditional CAPM has been found to do as well as or outperform the modified beta models