ASET Stock Summary and Trading Ideas (Flexshares Real Assets Allocation | NASDAQ:ASET)

FlexShares Real Assets Allocation Index Fund seeks to gain exposure to real assets by investing in three FlexShares ETFs: FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR), FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Global Quality Real Estate Index Fund (GQRE). It seeks to provide investors with a core real assets allocation that helps address their inflation-hedging, diversification, and income needs. Designed to serve as a real assets allocation solution, the strategy applies a proprietary optimization to the three underlying funds in an effort to minimize the volatility of returns and lower risk in the fund. Additional constraints are in place to limit concentration risk. If occurring, dividends from net investment income are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

Flexshares Real Assets Allocation trades on the NASDAQ stock market under the symbol ASET.

As of April 18, 2024, ASET stock price climbed to $29.83 with 8,980 million shares trading.

ASET has a market cap of $10.44 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, ASET stock traded as high as $35.85 and as low as $26.75.

ASET has underperformed the market in the last year with a return of -1.7%, while the SPY ETF gained +22.2%. In the last 3 month period, ASET fell short of the market, returning +1.4%, while SPY returned +6.0%. However, in the most recent 2 weeks ASET has outperformed the stock market by returning -3.7%, while SPY returned -3.9%.

ASET support price is $29.55 and resistance is $30.06 (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 ASET stock will trade within this expected range on the day.