18-Mar-2024
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The Xtrackers MSCI Japan Hedged Equity ETF (DBJP) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Japan US Dollar Hedged Index. The index is designed to provide exposure to Japanese equity markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and Japanese yen.
X-Trackers MSCI Japan Hedged Equity trades on the ARCA stock market under the symbol DBJP.
As of March 18, 2024, DBJP stock price climbed to $73.02 with 9,749 million shares trading.
DBJP has a beta of 0.75, meaning it tends to be less sensitive to market movements. DBJP has a correlation of 0.34 to the broad based SPY ETF.
DBJP has a market cap of $376.05 million. This is considered a Small Cap stock.
In the last 3 years, DBJP stock traded as high as $73.92 and as low as $43.99.
DBJP has outperformed the market in the last year with a return of +53.3%, while the SPY ETF gained +33.9%. In the last 3 month period, DBJP beat the market returning +20.6%, while SPY returned +9.6%. However, in the most recent 2 weeks DBJP has underperformed the stock market by returning +0.2%, while SPY returned +0.3%.
DBJP support price is $70.90 and resistance is $72.34 (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 DBJP stock will trade within this expected range on the day.