ADX Stock Summary and Trading Ideas (Adams Diversified Equity | NYSE:ADX)

The fund's investment objective is to provide its investors with reasonable income, preservation of capital and opportunity for capital gain. The fund invests in a diversified portfolio of securities enhanced by options writing.

Adams Diversified Equity trades on the NYSE stock market under the symbol ADX.

As of April 15, 2024, ADX stock price declined to $18.80 with 226,991 million shares trading.

ADX has a beta of 1.09, meaning it tends to be more sensitive to market movements. ADX has a correlation of 0.90 to the broad based SPY ETF.

ADX has a market cap of $2.33 billion. This is considered a Mid Cap stock.

In the last 3 years, ADX stock traded as high as $22.33 and as low as $14.20.

ADX has outperformed the market in the last year with a return of +29.3%, while the SPY ETF gained +25.3%. In the last 3 month period, ADX beat the market returning +7.3%, while SPY returned +6.2%. However, in the most recent 2 weeks ADX has underperformed the stock market by returning -3.7%, while SPY returned -3.6%.

ADX support price is $18.93 and resistance is $19.21 (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 ADX stock will trade within this expected range on the day.