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Read actual paired points
The scatter view places benchmark returns on the horizontal axis and asset returns on the vertical axis. Points are not connected in time order. The fitted line is shown within the observed benchmark range, not as a future path.
Read deviations from the line
Residual is observed asset return minus fitted return. The second view plots those signed deviations against benchmark returns and marks zero. A curved pattern or uneven spread can motivate a model review, but a small plot does not prove an assumption is valid.
Retain the underlying rows
| View | Question |
|---|---|
| Scatter with fit | How do observations lie relative to a line? |
| Residual versus benchmark | What structure remains after subtracting the line? |
| Period table | Which supplied pair produced each value? |
Choose evidence rather than a visual verdict
Review matched dates, unit definitions, unusual observations and possible nonlinear relationships. The tool performs no normality, homoskedasticity, significance or independence test. Keep those questions separate from computing the line.