Co-Relation Between Sesdaq & Brilliant

Just learn about stocks that have Beta (sensitivity of a stock's returns to the returns on some market index) My initial thoughts was that Brilliant was in tandem with the STI but closer examinations show that it move in sync with Sesdaq.

I tried to do an over lay of the 2 price movement but the results not what I had in mind. So I have enclosed 2 charts, one of the Sesdaq on of Brilliant. It illustrates how closely Brilliant tracks the index. Brilliant is just one of many stocks that may track an index, do a check with your portfolio or watchlist, you might be holding one that has a close beta to the STI or Sesdaq.