Any negative beta equities?

Discussion in 'Trading' started by ang_99, Oct 6, 2006.

  1. Are there any tradeable negative beta stocks or etfs out there?
     
  2. spy etf will be beta negative if shorted.
     
  3. has nothing to do with shorting. spy will always have a beta of 1.
     
  4. Why is that?
     
  5. MTE

    MTE

    Yeah, SPY has a beta of 1, but if you short it you automatically have a beta of -1.

    There are some short ETFs available. That is, they move exactly opposite, so you actually buy them to have short exposure to the market. Search for them, I can't remember the tickers.
     
  6. Right. If you want to increase your beta exposure to the S&P, buy ES or SP futures....to decrease your exposure, short the ES or SP.
     
  7. Does anyone know, if there is a website, which can calculate the beta ratio for various stocks (indices) over different timeframes etc. for free?

    I took once the historical quotes from www.yahoo.com and implemented them in a spreadsheet (Excel) and calculated the beta by hand, but this is really time consuming.

    Thanks
    Hamrawein
     
  8. Yeah, I believe they are of
    ultrapro family.
     

  9. But what if I wanted to play the spread between something that is negatively correlated to the market. Shorting SPY wouldnt work because there is no spread to speak of. Thats why I would want something with an actual negative beta. I believe they used to think gold was but thats doesnt seem to be the case.
     
  10. You can go long qqqq which has beta of 1.66 and short spy ( beta is -1) or vice versa.
     
    #10     Oct 6, 2006