DBEU Stock Summary and Trading Ideas (X-Trackers MSCI Europe Hedged Equity | ARCA:DBEU)

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Europe US Dollar Hedged Index. The index is designed to provide exposure to equity securities in 15 developed European stock markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The index includes securities from Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

X-Trackers MSCI Europe Hedged Equity trades on the ARCA stock market under the symbol DBEU.

As of April 24, 2024, DBEU stock price declined to $40.76 with 5,280 million shares trading.

DBEU has a beta of 0.67, meaning it tends to be less sensitive to market movements. DBEU has a correlation of 0.53 to the broad based SPY ETF.

DBEU has a market cap of $535.99 million. This is considered a Small Cap stock.

In the last 3 years, DBEU stock traded as high as $41.31 and as low as $29.61.

DBEU stock has underperformed the market in the last year with a return of +11.7%, while SPY returned +23.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DBEU shares. However, DBEU has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and +0.5%, while SPY returned +4.2% and -3.0%, respectively. This indicates DBEU has been having a stronger performance recently.

DBEU support price is $40.55 and resistance is $41.21 (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 DBEU stock will trade within this expected range on the day.