The beta risk of that stock is 0,47. It can be calculated by subtract expected return with risk free return and divided it by market risk premium.
In business, beta risk generally can be described as the probability that a false null hypothesis will be accepted by a statistical test. Beta risk also known as consumer risk or also a Type II error. Beta (β) also can be described as a measure of the systematic risk or also volatility of a security or portfolio compared to the market as a whole (usually the S&P 500). A stocks can be interpreted as more volatile than the S&P 500 if they are have a betas higher than 1.0.
The calculation
Beta = (Expected return - Risk free return)/ Market risk premium
Beta = (13.2%-8.5%)/10%
Beta = 0.47
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