Beta is a measure of systematic risk. It is a relative risk measure to show you how sensitive the stock price is related to market movement, i.e., the 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 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 is appropriate to compensate for the risk you are bearing when investing in the three ETFs.

You can focus on your discussion on one of the ETFs I mentioned above. Please include the source into your post.