If Beta>1, the security has above average risk and returns are expected to be more extreme and in the same direction as the market

If Beta=1, the security has average risk and returns are expected to be similar to the market

If 1>Beta>0, the security has above average risk and returns are expected to be more extreme and in the same direction as the market

If Beta=0, the security has below average risk

If Beta<0, security has very low risk and returns are expected to move in opposite direction with the market