To calculate beta you will need to:
Calculating a beta involves more work than simply looking up beta, but allows you to eliminate any "black box" calculation issues you may be worried about.
For more assistance view online tutorials:
Step 1: Log into WRDS and select the CRSP Database (Center for Research in Security Prices). Next select Daily Stocks from the links on the left.
Step 2: Select Data range and frequency.
Step 3: Make sure "Search by" is set to TICKER. Next type in company ticker.
Step 4: Select the variables you want returned such as: Company Name, Ticker, Period Return.
Step 5: ALSO select Market Index return such as S&P Composite to match with your stock return..
Step 5: Select output and submit request. Another window will open to show your request progress and once complete you can click on the .XLS file link to open.
Step 6: Select Submit Request. Another window will open while your request is processed. Once complete, you can click on the link to open the .csv file
Once you have downloaded returns data for both the stock and the index into Excel, you are ready to calculate beta.
Use Excel to run a regression of the stock returns (dependent variable, y-axis) against the index returns (independent variable, x-axis). the coefficient of the index return is the beta of the stock.