A security with a level of systematic risk the same as that of the market has a beta that is

Understanding Beta in the Context of Systematic Risk

1. Definition of Beta: Beta ($\beta$) is a measure of a security's risk in relation to the market. It indicates how much the security's price is expected to move relative to market movements.

2. Beta Values:

   • A beta of $1$ means the security has the same level of systematic risk as the market.
   • A beta greater than $1$ indicates higher risk and more volatility than the market.
   • A beta less than $1$ suggests lower risk and less volatility than the market.

3. Conclusion: Given the question, if a security has a level of systematic risk that is the same as that of the market, it implies that it would have a beta of exactly $1$.

Final Answer

The beta of a security with a level of systematic risk the same as that of the market is 1.