24-Apr-2024
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The iShares MSCI Mexico ETF seeks to track the investment results of a broad-based index composed of Mexican equities. The Fund seeks to track the investment results of the MSCI Mexico IMI 25/50 Index (the Underlying Index ), which consists of stocks traded primarily on the Mexican Stock Exchange. The Underlying Index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the Underlying Index weight. The Underlying Index may include large-, mid- or small-capitalization companies.
iShares MSCI Mexico ETF trades on the ARCA stock market under the symbol EWW.
As of April 24, 2024, EWW stock price declined to $65.77 with 2,351,996 million shares trading.
EWW has a beta of 0.83, meaning it tends to be less sensitive to market movements. EWW has a correlation of 0.27 to the broad based SPY ETF.
EWW has a market cap of $2.05 billion. This is considered a Mid Cap stock.
In the last 3 years, EWW stock traded as high as $71.12 and as low as $43.65.
EWW has underperformed the market in the last year with a price return of +12.2% while the SPY ETF gained +24.2%. EWW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.1% and -5.8%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
EWW support price is $65.70 and resistance is $67.28 (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 EWW stock will trade within this expected range on the day.