Beta is a measure of systematic risk. It is a relative risk measure to show you how sensitive of the stock price is related to market movement, i.e., S&P 500 index, when calculating beta, you need to regress y (stock return) against x (S&P 500 index return) and the coefficient of the x is the beta, please refer to the excel posted on the module 6. I would like you to comment on the betas of the following ETFs: UGAZ, TVIX or NUGT. You can use the bloomberg or marketwatch, or google to find the discussion of any of the three ETFs and /or then calculate what the expected or required return for the above ETF are appropriate to compensate the risk you are bearing when investing on the three ETFs. Beta is a measure of systematic risk. It is a relative risk measure to show you how sensitive of the stock price is related to market movement, i.e., S&P 500 index, when calculating beta, you need to regress y (stock return) against x (S&P 500 index return) and the coefficient of the x is the beta, please refer to the excel posted on the module 6. I would like you to comment on the betas of the following ETFs: UGAZ, TVIX or NUGT. You can use the bloomberg or marketwatch, or google to find the discussion of any of the three ETFs and /or then calculate what the expected or required return for the above ETF are appropriate to compensate the risk you are bearing when investing on the three ETFs