28-Mar-2024
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The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Japan Target Market Exposure Index. The Underlying Index is a free float adjusted market capitalization weighted index which consists of stocks traded primarily on the Tokyo Stock Exchange or the Nagoya Stock Exchange. The Underlying Index targets 85% of those stocks by market capitalization, and primarily includes large- and mid-capitalization companies, although small capitalization companies may be included. Components of the Underlying Index are allocated across various sectors, including the consumer discretionary, industrials and information technology sectors. The components of the Underlying Index and the sectors represented are likely to change over time.
JPMorgan Betabuilders Japan ETF trades on the BATS stock market under the symbol BBJP.
As of March 28, 2024, BBJP stock price declined to $58.55 with 698,664 million shares trading.
BBJP has a beta of 0.95, meaning it tends to be less sensitive to market movements. BBJP has a correlation of 0.56 to the broad based SPY ETF.
BBJP has a market cap of $11.74 billion. This is considered a Large Cap stock.
In the last 3 years, BBJP stock traded as high as $61.89 and as low as $39.87.
BBJP stock has underperformed the market in the last year with a return of +27.2%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BBJP shares. However, BBJP has outperformed the market in the last 3 month and 2 week periods, returning +12.3% and +3.0%, while SPY returned +10.1% and +1.7%, respectively. This indicates BBJP has been having a stronger performance recently.
BBJP support price is $58.22 and resistance is $59.30 (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 BBJP stock will trade within this expected range on the day.