[Series 66] 6, Alpha Beta and the Sharpe Ratio

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How Beta measures systematic market risk relative to a benchmark index - How to calculate CAPM expected return and evaluate Alpha - Why high raw returns do not always equal positive Alpha or strong performance - How the Sharpe Ratio uses Standard Deviation to measure total risk-adjusted return - Practical decision rules for answering risk and return questions on the Series 66 exam Prepare for your exam with independent practice tools available at https://open-exam-prep.com/practice/series66 and video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 - https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf - https://www.finra.org/registration-exams-ce/qualification-exams/series66