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 Stock Market Betas for Cyclical and Defensive Sectors: A Practitioner’s Perspective.
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Available at: &lt;<a href="https://www.journals.upd.edu.ph/index.php/pmr/article/view/6583" target="_new">https://www.journals.upd.edu.ph/index.php/pmr/article/view/6583</a>&gt;. Date accessed: 17 sep. 2025.