BBAX Stock Summary and Trading Ideas (JPMorgan Betabuilders Developed Asia Pacific Ex-Japan ETF | BATS:BBAX)

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF seeks investment results that closely correspond to the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index. The Index is a free-float adjusted market-cap weighted index consisting of stocks from Australia, Hong Kong, New Zealand and Singapore.

JPMorgan Betabuilders Developed Asia Pacific Ex-Japan ETF trades on the BATS stock market under the symbol BBAX.

As of May 10, 2024, BBAX stock price climbed to $49.21 with 106,818 million shares trading.

BBAX has a beta of 0.98, meaning it tends to be less sensitive to market movements. BBAX has a correlation of 0.54 to the broad based SPY ETF.

BBAX has a market cap of $4.70 billion. This is considered a Mid Cap stock.

In the last 3 years, BBAX stock traded as high as $60.74 and as low as $41.33.

BBAX stock has underperformed the market in the last year with a return of +3.3%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BBAX shares. However, BBAX has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and +4.2%, while SPY returned +4.2% and +2.5%, respectively. This indicates BBAX has been having a stronger performance recently.

BBAX support price is $48.48 and resistance is $49.58 (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 BBAX stock will trade within this expected range on the day.