FAX Stock Summary and Trading Ideas (Aberdeen Asia-Pacific Income | AMEX:FAX)

The Fund’s investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. The Fund will seek to achieve its investment objective through investment in Australian and Asian debt securities. To achieve its investment objective, the Fund may invest up to 80% of its total assets in ‘‘Asian debt securities,’’ which include: (1) debt securities of Asian Country issuers, including securities issued by Asian Country governmental entities, as well as by banks, companies and other entities which are located in Asian Countries, whether or not denominated in an Asian Country currency; (2) debt securities of other issuers, denominated in, or linked to, the currency of an Asian Country, including securities issued by supranational issuers, such as The World Bank and derivative debt securities that replicate, or substitute for, the currency of an Asian Country; (3) debt securities issued by entities which, although not located in an Asian Country, derive at least 50% of their revenues from Asian Countries or have at least 50% of their assets located in Asian Countries; and (4) debt securities issued by a wholly-owned subsidiary of an entity located in an Asian Country, provided that the debt securities are guaranteed by the parent entity located in the Asian Country. With reference to items (3) and (4) above, Asian debt securities may be denominated in an Asian Country currency or in Australian, New Zealand or U.S. dollars. The maximum country exposure to any one Asian Country (other than Korea) is limited to 20% of the Fund ’s total assets and the maximum currency exposure to any one Asian Country currency (other than Korea) is limited to 10% of the Fund ’s total assets. The maximum country exposure for Korea is limited to 40% of the Fund ’s total assets, and the maximum currency exposure for Korea is limited to 25% of the Fund ’s total assets. http://www.aberdeenfax.com/aam.nsf/usClosedFax/detail

Aberdeen Asia-Pacific Income trades on the AMEX stock market under the symbol FAX.

As of April 25, 2024, FAX stock price declined to $2.52 with 113,742 million shares trading.

FAX has a beta of 0.57, meaning it tends to be less sensitive to market movements. FAX has a correlation of 0.20 to the broad based SPY ETF.

FAX has a market cap of $624.19 million. This is considered a Small Cap stock.

In the last 3 years, FAX stock traded as high as $4.46 and as low as $2.26.

FAX has underperformed the market in the last year with a price return of +5.6% while the SPY ETF gained +22.3%. FAX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.8% and -4.9%, respectively, while the SPY returned +2.9% and -3.1%, respectively.

FAX support price is $2.50 and resistance is $2.56 (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 FAX stock will trade within this expected range on the day.