One could setup a test jig, but with some meters having them built in there is the learning experience.
I have some monster transistors Motorola's 800v 50a Pd was 500w with a real large heat sink, doubt if that meter would be of any help.
from memory, very loose terms beta x ib (base current) =+/- hfe common emitter circuit a handbook would give you a better idea
Heathkit sold semiconductor curve tracers back in the 70s, might find one on ebay. Just one note. hfe is nice but it is the surrounding circuit to the semiconductor that will determine the circuit gains.