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 October 29, 2024, ADX stock price climbed to $21.89 with 160,222 million shares trading.

ADX has a beta of 1.15, meaning it tends to be more sensitive to market movements. ADX has a correlation of 0.84 to the broad based SPY ETF.

ADX has a market cap of $2.47 billion. This is considered a Mid Cap stock.

In the last 3 years, ADX traded as high as $22.49 and as low as $14.20.

ADX has outperformed the market in the last year with a price return of +48.7% while the SPY ETF gained +43.4%. However, in the short term, ADX had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.2% vs +7.1% return in SPY. But in the last 2 weeks, ADX shares have fared better than the market returning +1.0% compared to SPY +0.3%.

ADX support price is $21.64 and resistance is $21.96 (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 shares will trade within this expected range on the day.