iShares MSCI South Africa Index Fund (EZA)

63.42 +1.43  +2.31%  May 29, 11:10AM Go Pro
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iShares MSCI South Africa Index Fund Beta: 1.368

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EZA Beta Range, Past 5 Years

Minimum 1.368 Apr 2012
Maximum 1.942 Apr 2008
Average 1.570

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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EZA News

The Definitive Africa ETF Guide
May 28, 3:22PM Benzinga
Today's Watchlist for Long ETFs: $EWZ; $ILF; $SLV; $EZA; $XOP
about 14 days ago by RalfKaiser
Today's Watchlist for Long ETFs: $EZA; $MOO; $SLV; $FXI; $EWI
about 19 days ago by RalfKaiser
Time for South Africa ETFs?
May 08, 10:38AM Zacks
iShares ETFs: The Top 10 Performers
Apr 09, 4:53AM Seeking Alpha
ETFs for the BRICS Summit
Mar 28, 4:30PM Minyanville
Selling $EZA for approx 2% profit.
about 64 days ago by ETFSwingTrader
$GDX $SSO $DIG $EET $EZA trades all moving higher. First 3 all in profitable territory. $GDX approaching Exit signal.
about 67 days ago by ETFSwingTrader
Brutal day, but our gameplan has dry powder: Add 5% to $GDX $EZA. Add 3% to $EET $DIG. Open new trade 2% $SSO (2x ($SPY).
about 68 days ago by ETFSwingTrader
Plan: Add 5% to $GDX $EZA. Add 3% to $EET $DIG. Open new trade 2% $SSO (2x $SPY) - our highest % trade. Final trades 30min before Close.
about 68 days ago by ETFSwingTrader
Taking trades as previously posted. Will end up with 5% $GDX, 2% $EET, 5% $EZA, 2% $DIG #ETF
about 69 days ago by ETFSwingTrader
Current plan to Hold $GDX $EET, Add 3% to $EZA -- and Open new trade 2% $DIG. Will confirm 30min before Close.
about 69 days ago by ETFSwingTrader
Note low correlations between $DIG and our other trades: r = 0.68 0.60 0.48 respectively for $EEM $EZA $GDX (High r would be 0.8-0.9)
about 69 days ago by ETFSwingTrader
3-mo Correlations: $EZA vs $GDX r=0.50; $EEM vs $GDX r=0.48; $GDX vs $SPY r=0.45; $EZA vs $EEM r=0.85 -- VERY low r's, except for last one.
about 70 days ago by ETFSwingTrader
Initiating new 2% positions in $EZA and $EET (2x version $EEM) - Market On Close orders. Note one unleveraged, one leveraged.
about 70 days ago by ETFSwingTrader
The other #ETF we are considering for Entry on the Close is $EZA. http://chart.ly/bsrghvb
about 70 days ago by ETFSwingTrader
Five Global ETFs To Watch
Mar 19, 11:00AM ETF Trends
$EZA http://stks.co/2tMF As chart shows we had Entry yesterday in $EZA which I was too busy to take - up 1.4% today. 
about 75 days ago by ETFSwingTrader
ETF Insider: U.S. GDP Scares Off Bears
Mar 03, 7:00AM ETF Database
Into Africa with ETFs
Mar 02, 10:45AM ETF Trends
Any time an economy can grow its GDP 3.2% in this global environment, that's pretty impressive. No wonder the $EZA is doing so well lately.
about 90 days ago by bradloncar
Exit $EZA trade for 1.6% profit. Exit $UKK ($IWO) trade for 2.5% profit. Hold $UYG ($XLF) w 1.6% profit. 65/69 wins for 94.2% win rate. $$
about 96 days ago by ETFSwingTrader
$UYG ($IWO) also generating an Exit signal today. 1% profit $UYG, 1.5% profit $EZA at 2 hours into the market.
about 96 days ago by ETFSwingTrader
$EZA should be the 67th trade closed, with 63 wins - for a 94% win rate. (Recent wins are small, but effortless, in this low volatile mkt.)
about 96 days ago by ETFSwingTrader
$EZA is profitable and giving us an Exit signal this morning. More later.
about 96 days ago by ETFSwingTrader
Our $EZA trade (10% position) is down -0.4%. $UKK (5% position) down about -0.2% I believe. $UYG (1% position) just opened.
about 97 days ago by ETFSwingTrader
Add 3% to $UKK trade (shorting $IWO) for 5% position. Hold 10% $EZA position.
about 97 days ago by ETFSwingTrader
Best Emerging Market ETFs
Feb 22, 7:00AM ETF Trends
Hold the 10% $EZA trade.
about 98 days ago by ETFSwingTrader
$EZA Exit signal, w 1% profit midday. Will be looking for profitable Exit of the trade by end of day.
about 98 days ago by ETFSwingTrader
Adding 5% to $EZA trade for a 10% position. Holding our 10% $VNQ trade. No new trades. Have a good weekend.
about 102 days ago by ETFSwingTrader
If $EZA continues to be down for the day, we will add 5% on Market on Close. We will hold the $VNQ trade, giving us 10% positions in each.
about 102 days ago by ETFSwingTrader
So our current positions are: $VNQ 10% and $EZA (5%).
about 103 days ago by ETFSwingTrader
5 Of 2012's Most Disappointing ETFs
Feb 16, 11:16AM Seeking Alpha
South Africa and Platinum
Feb 13, 12:20PM Fool
Five Foreign ETFs Make A Debut
Jan 30, 6:01PM Investor's Business Daily
Fate of Emerging Market ETFs in 2012
Dec 10, 6:00AM TheStreet
The Fate Of Emerging Market ETFs In 2012
Dec 09, 5:35PM Seeking Alpha
Dion's Monday ETF Winners and Losers
Nov 28, 2:48PM TheStreet
EZA: Large Outflows Detected at ETF
Nov 21, 11:44AM Forbes

Recent Quotes

Symbol Price Chg Chg % Market Cap
EZA 63.42 +1.43 +2.31%
EXXI 31.75 +1.14 +3.72% 2.342B
EXTR 3.715 +0.14 +3.77% 335.66M
EWK 11.08 +0.03 +0.27%
EWJ 8.925 +0.12 +1.31%
EWEF 33.89 +0.00 +0.00%
EWD 25.54 +0.77 +3.11%
EWC 25.99 +0.45 +1.76%
EWBC 22.41 +0.17 +0.76% 3.307B
EWA 21.24 +0.66 +3.18%
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