I'm more of a Beta.

Following up on our previous foreclosure post, two more rounds of bidding have happened since last time--at both higher and lower prices than the initial minimum bid. The rumors about the site appear to hold true as far as having to go through multiple rounds of bidding over the course of weeks or months. We'll keep you posted, as this is going to be an ongoing process.

In other news, SPY had a $10 drop over the course of the past two weeks. American markets were moving around because of really poor performance in emerging markets. So we wanted to look and see how other parts of our portfolio were affected by the same events. VPU (utilities ETF) didn't follow the trend, fluctuating up and down as a result of other stimuli.

Here's a comparison chart:

Now here's a comparison between SPY & NORW:

As you can see, SPY and NORW correlated the same way, but NORW was much more volatile. This should meet with our expectations, since NORW has a beta greater than one. Since beta is based on the S&P 500, which we can say has a beta of one. We don't even want to look at EWZ.

The beta for ENZL is 0.83, which means it is slightly less volatile than SPY, which is confirmed by what has happened with them. 

Here:

It's nice to see something like beta start to reveal itself when we look at the charts. Additionally, it seems like we are starting to have a deeper understanding of how these things behave, even if we can't always anticipate how that will be--we never will.

Profit!