AGOX Stock Summary and Trading Ideas (Adaptive Growth Opportunities ETF | ARCA:AGOX)

As an actively managed exchange-traded fund ( ETF ), the Fund will not seek to replicate the performance of an index. The Fund s portfolio manager seeks to achieve the Fund s investment objective of capital appreciation by investing in exchange-traded funds that are registered under the Investment Company Act of 1940, as amended (the 1940 Act ) and not affiliated with the Fund ( Portfolio Funds ) that invest in equity securities of any market capitalization of issuers from a number of countries throughout the world, including emerging market countries. In addition to its indirect investments, the Fund may also invest in individual large cap equities, fixed income securities, and cash and cash equivalents directly. The Fund is considered diversified under the 1940 Act. The strategy primarily utilizes ETFs and equities but may also use fixed income securities to diversify the Fund s asset classes. The Manager uses a top-down approach to identify sectors that the manager believes will produce strong performance relative to the overall market and makes investments to capitalize on these market predictions. Top-down investing is an investment analysis approach that involves looking first at the macro picture of the economy, and then looking at the smaller factors in finer detail. After looking at the big-picture conditions around the world, the manager then examines the general market conditions followed by particular industry sectors to select those sectors that it predicts will outperform the market. When the manager deems it appropriate to position the portfolio defensively, this strategy considers cash to be an asset class and will allocate a significant percentage to direct investments in cash and cash equivalents. The fixed income securities in which the Fund will invest will be investment grade and may be of any duration or maturity.

Adaptive Growth Opportunities ETF trades on the ARCA stock market under the symbol AGOX.

As of September 29, 2023, AGOX stock price declined to $22.67 with 12,183 million shares trading.

AGOX has a beta of 0.99, meaning it tends to be less sensitive to market movements. AGOX has a correlation of 0.93 to the broad based SPY ETF.

AGOX has a market cap of $214.54 million. This is considered a Small Cap stock.

AGOX has underperformed the market in the last year with a return of +14.7%, while the SPY ETF gained +17.4%. In the last 3 month period, AGOX fell short of the market, returning -1.7%, while SPY returned -1.5%. However, in the most recent 2 weeks AGOX has outperformed the stock market by returning -3.7%, while SPY returned -4.2%.

AGOX support price is $22.52 and resistance is $22.96 (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 AGOX stock will trade within this expected range on the day.