Poor's $500($S&P $500),$ generally considered representative of the overall securities market in the U$.$S $($or beta$)$ of a portfolio is the weighted average of the betas of the individual stocks in your portfolio.

Find the beta of this equally weighted $4-$stock portfolio

DAVITA INC $,$ Beta $=0\mathrm{.}84$

MERCADOLIBREINC Beta $=1\mathrm{.}80$

UO URBAN OUTFITERSINC Beta $=1\mathrm{.}20$

Suncorenergyinc Beta $=0\mathrm{.}93$

Portfolio beta $=1\mathrm{.}19$

Portfolio beta $=0\mathrm{.}89$

Portfolio beta $=1\mathrm{.}00$

Portfolio beta $=1\mathrm{.}23$