ProShares Short MSCI EAFE (EFZ)

52.06 +0.17  +0.33%  May 25, 11:00PM Go Pro
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ProShares Short MSCI EAFE Beta: -1.065

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EFZ Beta Range, Past 5 Years

Minimum -1.100 Sep 2011
Maximum -1.065 Apr 2012
Average -1.081

About Beta 60 Month

YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.

Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.

In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.

When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.

For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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EFZ News

I exit my hedges $FAZ $EPV $EFZ. The uptick in this last hr tell me there is more up side but more of a grinding up.
about 4 days ago by Genyko
RT @Genyko I will add $EPV $FAZ $EFZ $DRV equal to 1/3 of the longs as hedge in the morning if market goes down.
about 6 days ago by mishmahi54
I will add $EPV $FAZ $EFZ $DRV equal to 1/3 of the longs as hedge in the morning if market goes down.
about 6 days ago by Genyko
3 ETFs For A Eurozone Double Dip
May 13, 8:39AM Seeking Alpha
3 ETFs For A Euro Zone Double-Dip
May 11, 9:00AM ETF Database
Bet Against Europe With These ETFs
Apr 24, 5:05PM Forbes
$EFZ forms bullish "Diamond Bottom" chart pattern. http://stks.co/399L
about 60 days ago by RecogniaEvents
ProShares Announces ETF Reverse Share Split
Feb 27, 8:30AM Business Wire
Notable ETF Outflow Detected - EFZ
Jan 13, 11:21AM Forbes
$EFZ Volume Alert - Currently at 5 x average daily volume.
about 139 days ago by TradeIdeasQuant
$EFZ positive correlation to $DX_F $UUP. Negative correlation to $SPY $ES_F. US & Canada not part of EAFE but correlation will take us down.
about 163 days ago by TraderOnTheLake
$EFZ - Interesting to use as an indicator. Looks like it wants higher... soon... signaling lower for Europe, Australasia, & Far East.
about 163 days ago by TraderOnTheLake
Now this really looks like oppt to me. $EFZ correlation. $SPY http://chart.ly/e9u9pde
about 167 days ago by 1nvestor
Out of $GDX. Now short $EUM $EFZ. Rogers calling $1200 gold, US$ collateral scramble. $GS says exit China. Nowhere to hide
about 182 days ago by FundKing
How could anyone be bullish on Europe? I like $EFZ much better.
about 235 days ago by billgunderson
Too Far Too Fast - Day Two? ($EFZ) ($EEV) Get all the details in this morning's commentary. http://stks.co/XA0 $$
about 235 days ago by MorpheusTrading
Today, we closed our 3 open ETF positions in #WagnerDaily at gains of $SRS + 12%, $EFZ + 4.5%, $XLP + 1.1%.
about 238 days ago by MorpheusTrading
If the Dollar Stores $DLTR, $DG, $FDO break down, load up on inverse etfs. I already own $SEF, $EUM, $EFZ, $YXI, and $VXX
about 239 days ago by billgunderson
8 breakouts (shock!): $MRGE, $EFZ (gap), $SMN, $EEV (gap & 200-day MA), $EPV (gap & 200-day MA), $GOLD. Only MRGE and GOLD 'real' stocks
about 298 days ago by fallondpicks
Current hedge ratio: 109 $EFZ per 100 $EFA
about 441 days ago by smarterstops
$VIX is lowering except for LT futures, therefore the risk/reward is lowering for short ETFs in general, although $EFZ seems to be ok.
about 716 days ago by lovebob
Added to $EFZ position 65.23
about 720 days ago by SnoopyJC
Long a small pos of $EFZ 63.52
about 726 days ago by SnoopyJC
am long and short. Mostly short w $EEV, $FXP, $EFZ and $SMN. Long $DGIT, $GCV, $SXCI, $GDX (correlating to $SPX today) w/ lots of cash subs
about 734 days ago by lovebob
$EFZ see EUM tweet. http://fsc.bz/49C #WORDEN
about 754 days ago by traderjaz
$Am going both short ($FXP, $EFZ) and long ($UAUA).
about 829 days ago by lovebob
$EFZ approaching 50.00 level. will grab calls. $FXI 36.00 looks like a decent spot to start scaling in to calls.
about 844 days ago by theKwonz
late twit today, was busy all morning buying all kind of inverses, portfolio is 16% short now $SDS $SKF $SRS $FAZ $EFZ $TYP $DOG
about 938 days ago by arxitekt
$EFZ is worth a look for those who like to hold medium term. let this one simmer; a storm is brewing, and its going to hit everything.
about 1065 days ago by yubitsu

Recent Quotes

Symbol Price Chg Chg % Market Cap
EFZ 52.06 +0.17 +0.33%
EFX 45.65 +0.18 +0.40% 5.486B
DXCM 10.79 +0.30 +2.86% 729.73M
DX 9.35 +0.03 +0.32% 506.02M
DWX 42.82 -0.02 -0.05%
DWSN 24.95 +0.07 +0.28% 197.60M
DSX 8.25 +0.27 +3.38% 681.20M
DSW 61.17 -0.22 -0.36% 2.682B
DSUM 23.85 -0.03 -0.13%
DSU 4.12 +0.10 +2.49%
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