iShares S&P Global Financials Sector Index Fund (IXG)

36.97 +0.42  +1.15%  May 29, 8:00PM Go Pro
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iShares S&P Global Financials Sector Index Fund Beta: 1.563

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IXG Beta Range, Past 5 Years

Minimum 1.214 Oct 2007
Maximum 1.707 Aug 2009
Average 1.505

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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IXG News

Shunning B of A In Bank ETFs
Dec 22, 5:21PM IndexUniverse.com
ETF Chart of the Day: Global Funds
Dec 20, 11:22AM ETF Trends
$$ $SPX If the -200 pt move happens, here's a list of $bonds for the faint of heart. $TBF,$DLBS,$SBND,$PST,$TYO,$DTYS,$INB,$IXG,$SPYV,$JKD
about 197 days ago by Diemtrade77
"6 ETFs That Could Be Hit in a European Banking Crisis" http://stks.co/Bs8 $IXG $FEZ $EWU $IPF $EUFN $AXFN
about 260 days ago by OptionsCommander
US & Global ETF Sector Rotation Portfolio http://stk.ly/orH6yZ $exi $IXC $IXG $IXJ $IXN $JXI $RXI $XLE $XLF $XLI $XLV $XLY
about 302 days ago by scottsinvestments
‘Deep Thoughts’ On New ETFs
Jul 29, 1:30PM IndexUniverse.com
ZH: "European Banks Tumble On Schauble Comments Against "Blank Check" EFSF" http://stk.ly/q0rAKt > $EUR $USDX $FXE $IXG $EUFN
about 308 days ago by OptionsCommander
Has the Banking Sector lost its Mojo?
Jul 06, 1:19PM ETFguide
US / Global ETF Sector Portfolio for July http://stk.ly/mfDuvU $XLF $XLE $XLU $XLB $XLI $XLK $XLP $XLV $XLY $MXI $RXI $EXI $IXC $IXG $IXJ
about 331 days ago by scottsinvestments
[$$] ETF Play of the Day: IXG
Jun 30, 8:54AM TheStreet
BL: Greek Default Would Spell 'Havoc' for Banks a Year After Bailout - http://stk.ly/lKInIZ > $BBVA $UBS $BCS $FXE $EUR $IXG $XLF
about 345 days ago by OptionsCommander
yep $IXG would be my pick... everything also is not liquid enough + xfn.to
about 521 days ago by arxitekt
@arxitekt No liquidity with many of non-U.S. foreign financial ETFs, except $IXG (mix of US & foreign); I'd like it buck cheaper.
about 521 days ago by flyaway18
If the stock market would follow European banks the recovery would end a year ago. $CS $DB $IXG $AIB $BAC
about 551 days ago by sixtythree
Commented on: "Finding the Right Safe Haven for This Crisis" http://soc.li/cAbUKPG $GLD $IXG $DIA $SPY $QQQQ $AGG
about 754 days ago by guymarcelis
“Bad Bank” Model May be Best Exit from Financial Crisis for Many Banks http://vf.cx/bZ8 $IXG
about 881 days ago by VFFinancials
Don’t Discount Credit Union CD Rates http://vf.cx/bYG $IXG
about 881 days ago by VFFinancials
High CD Rates Are Becoming Much More Common http://vf.cx/bYK $IXG
about 881 days ago by VFFinancials
Wachovia Bank CD Rates Are Very Competitive http://vf.cx/bYL $IXG
about 881 days ago by VFFinancials
In the World of Internet Overchoice, Shopping for CD Bank Rates is a Snap http://vf.cx/bYM $IXG
about 881 days ago by VFFinancials
Are There Advantages to Opening an Interest Bearing Savings Account? http://vf.cx/bYN $IXG
about 881 days ago by VFFinancials
Stiglitz: 6 Harsh lessons We Failed to Learn http://vf.cx/bXM $IXG
about 881 days ago by VFFinancials
One Word For The Decade http://vf.cx/bXD $IXG
about 881 days ago by VFFinancials
Main Street roasting on an open fire... http://vf.cx/bWf $IXG
about 881 days ago by VFFinancials
Brad DeLong: Obama economic team "exceeds expectations" http://vf.cx/bWh $IXG
about 881 days ago by VFFinancials
Marching Separately But Striking Together Over At the ECB http://vf.cx/bVL $IXG
about 881 days ago by VFFinancials
Morgan Stanley (MS) Makes Headlines on Revamped Pay, Bearish Brokerage Note http://vf.cx/bUu $IXG
about 881 days ago by VFFinancials
Lunchtime Links 12-29 http://vf.cx/bTl $IXG
about 881 days ago by VFFinancials

Recent Quotes

Symbol Price Chg Chg % Market Cap
IXG 36.97 +0.42 +1.15%
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IWZ 51.23 +0.62 +1.23%
IWV 78.21 -0.87 -1.10%
IWP 59.09 -0.68 -1.14%
IWO 87.83 -1.33 -1.49%
IWM 76.75 -0.95 -1.22%
IWF 62.26 -0.72 -1.14%
IWD 65.68 -0.71 -1.07%
IVZ 21.58 -0.38 -1.73% 9.798B
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