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What's Going On With Italian Energy Company Eni Shares Today?
Benzinga (Tue, 16-Apr 7:36 AM ET)
The AdvisorShares Dorsey Wright ADR ETF (NYSE Arca: AADR) seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. AADR is managed by Dorsey, Wright & Associates, LLC ( Portfolio Manager ). AADR s investment focus follows the Portfolio Manager s core philosophy of relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they experience sufficient underperformance. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The Portfolio Manager s process is systematic and removes emotion from the day-to-day decision making. In implementing AADR s strategy, the Portfolio Manager takes into account current sector and industry group allocations in order to keep the strategy diversified. There is no consideration given to the allocation between developed and emerging markets; the strategy will allocate between the two depending on global price trends.
Advisorshares Dorsey Wright ADR ETF trades on the ARCA stock market under the symbol AADR.
As of April 17, 2024, AADR stock price was flat at $59.79 with 230 million shares trading.
AADR has a market cap of $25.41 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, AADR stock traded as high as $69.36 and as low as $43.35.
AADR stock has underperformed the market in the last year with a return of +22.9%, while SPY returned +23.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AADR shares. However, AADR has outperformed the market in the last 3 month and 2 week periods, returning +10.5% and -2.4%, while SPY returned +5.7% and -3.5%, respectively. This indicates AADR has been having a stronger performance recently.
AADR support price is $59.08 and resistance is $60.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AADR stock will trade within this expected range on the day.