Hello 
I am experiencing some confusion on the concept of Beta and wonder if I learned it incorrectly the first time, and have only just now realized it.
For clarity, I do understand all I have read and watched about Beta for CMT Level III, but in my mind I have that if a stock has a Beta of 1.0, this means it will move entirely in sync with the related benchmark. If it is high Beta then it will vary more widely than the related benchmark (it will swing further each way) and if it is low Beta it will vary/swing less than the related benchmark.
In the Chapter 14 video at ~13:15 it is stated that if a stock is a high Beta stock it moves more in sync with the related benchmark and if a low Beta stock it moves less in sync with the benchmark.
These two concepts seem conflicting to me? Thanks for any light you can shine on this!