def beta_word(beta: float) -> str:
    """Describe a beta

    Parameters
    ----------
    beta : float
        The beta for a portfolio

    Returns
    ----------
    str
        The description of the beta
    """
    if abs(1 - beta) > 3:
        part = "extremely "
    elif abs(1 - beta) > 2:
        part = "very "
    elif abs(1 - beta) > 1:
        part = ""
    else:
        part = "moderately "

    return part + "high" if beta > 1 else "low"