Market Vectors Gold Miners ETF (GDX)

45.37 +0.46  +1.02%  May 29, 9:32AM Go Pro
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Market Vectors Gold Miners ETF Beta: 0.5993

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GDX Beta Range, Past 5 Years

Minimum 0.5953 Jan 2011
Maximum 0.8282 Feb 2010
Average 0.6787

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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GDX News

RT @PropTrades: #Gold bugs, keep your objectivity, follow the price not your emotions http://stks.co/40bT $GC_F $GLD $GDX $GDXJ $SI_F $SLV
about 3 hours ago by Sirtitan45
RT @GrandSupercycle This scenario should be Gold/Silver bullish too - $GLD $SLV $GC_F $SI_F $GDX #preciousmetals #commodities
about 3 hours ago by mishmahi54
This scenario should be Gold/Silver bullish too - $GLD $SLV $GC_F $SI_F $GDX #preciousmetals #commodities
about 6 hours ago by GrandSupercycle
This scenario should be Gold/Silver bullish too - $GLD $SLV $GC_F $SI_F $GDX #preciousmetals #commodities
about 8 hours ago by GrandSupercycle
Canadian dealmaker sees mining merger boom on financing shortage http://stks.co/40P3 $GDX $NEM $FCX $AA $BHP $RIO $GLD
about 16 hours ago by MercenaryJack
The Gold Miners' Bullish Percent Index closed out Friday at 17.86%. A move through 30% is bullish. $GDX http://chart.ly/hfdpy57
about 17 hours ago by jackdamn
Food for thought: What if last few yrs of $GLD rise was anticipatory 'pricing in' of all that is happening now? $GC_F $GDX
about a day ago by MercenaryJack
Stock Market Article: Buy Gold, Guns, and Xanax. You’re Gonna Need Them All. $GLD $GDX http://stks.co/40Dc
about a day ago by smav27
Stock Market Article: Update on gold and silver. $GLD $GDX $SLV http://stks.co/40Db
about a day ago by smav27
@Janozeski93 If $GDX $NUGT is up Tuesday, I would sell on the Close. I've taken a partial $DUST position assuming maybe 1-2 more up days max
about 2 days ago by ETFSwingTrader
@Janozeski93 My bet: $GDX reverses before 46, $NUGT rolls over before 12. I opened a $DUST (short $GDX) trade Friday looking for 10% pop.
about 3 days ago by ETFSwingTrader
@Janozeski93 And if $GDX did move this far, slippage in a 3x ETF would prevent comparable performance. Please research how they work.
about 3 days ago by ETFSwingTrader
@Janozeski93 For $NUGT to hit 25 $GDX wd have to recover 3 months worth of losses in a very short period of time. 3x ETFs don't act this way
about 3 days ago by ETFSwingTrader
Stock Market Article: Gold & Gold Miners Are Closing In On A Major Bottom. $GLD $GDX $UUP http://stks.co/3zqf
about 3 days ago by smav27
$GLD http://stks.co/3zeS The 150 level continues to provide support. $GC_F $SPY $GDX
about 4 days ago by bkamrath
$GDX and $NUGT finishing a rising wedge. I would expect a bump up either later today or tues.
about 4 days ago by Flinky
$GDX May 24: LT Dome 3 roadmap is progressing well. http://stks.co/3zcS
about 4 days ago by Marketcycles79
@Janozeski93 $GDX had a Buy signal on 15th, exit on 20th. Shorted with $DUST 21st, 10% profit early 23rd, and now new $DUST trade again.
about 4 days ago by ETFSwingTrader
And note in bottom of this chart that $GDX highly overextended vs $GLD, which it underperforms. http://chart.ly/jxiwi8j
about 4 days ago by ETFSwingTrader
@Janozeski93 If $GDX continues up again, I add my final 5% for a full 10% trade. Note $GLD overbot http://chart.ly/9a4gvql
about 4 days ago by ETFSwingTrader
@Janozeski93 If the trade goes against me, I will add another 3% to position Tuesday -- which may happen since $GDX not quite at Resistance.
about 4 days ago by ETFSwingTrader
@Janozeski93 I am not posting trades right now as I build my website, BUT I am personally opening a $DUST position today (shorting $GDX).
about 4 days ago by ETFSwingTrader
@Janozeski93 I trade $GDX ($NUGT) from this chart. Heavy resistance above, over-extended on RSI(2). $GDXJ http://chart.ly/o3t7hil
about 4 days ago by ETFSwingTrader
$NUGT $GDX Breakout to the upside next week...buy and hold over the long weekend
about 4 days ago by JoshuaRaa
$GORO http://stks.co/3zSr Small loss on $GORO short from 18 Watchlist but offset by nice gain in $GDX long from 16th
about 4 days ago by RalfKaiser
Mining Stocks (GLD) Buck Gold and Kick Higher
May 23, 3:15PM Street Insider
Gold, Silver Fall as Euro Leaders Set to Meet
May 23, 11:57AM Investor Place
Silver Higher, Gold Lower Tuesday Morning
May 22, 12:28PM Investor Place
Gold Up, Silver Down on Eurozone News
May 21, 11:45AM Investor Place
Gold, Silver Gain for Second Day
May 18, 12:29PM Investor Place
Gold Prices And Miners ETFs Defy Global Sell-Off
May 17, 3:28PM Investor's Business Daily
Are Gold ETFs a Safe Haven Again?
May 17, 2:09PM ETF Trends
Boom! Goes the GDX Gold Miner ETF
May 17, 1:52PM Street Insider
Gold Heads Into The Red In 2012
May 16, 1:32PM IndexUniverse.com
Gold: Bye-Bye 2012 Gains
May 16, 1:16PM
How To Find The Best Gold Miner ETF
May 16, 7:20AM ETF Database
The Good Leads
May 16, 6:58AM
Europe Drags Gold Lower
May 10, 12:30PM
Gold: Worse, Not Better
May 10, 12:30PM
Gold Miner ETFs Rise In Volatile Session
May 09, 2:09PM Barrons.com
Gold Miners ETFs Bounce
May 09, 1:27PM Seeking Alpha
Gold Miner ETFs Bounce on Heavy Volume
May 09, 12:27PM ETF Trends

Recent Quotes

Symbol Price Chg Chg % Market Cap
GDX 45.37 +0.46 +1.02%
GDV 15.07 +0.10 +0.67%
GDP 16.11 +0.54 +3.47% 566.28M
FXEN 4.93 +0.07 +1.44% 257.24M
FXE 124.63 +0.15 +0.12%
FXCM 10.21 +0.17 +1.69% 200.00M
FXC 97.21 +0.63 +0.65%
FXB 155.26 +0.11 +0.07%
FWRD 31.64 +0.01 +0.03% 919.17M
FVL 12.39 +0.03 +0.23%
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