FLMX Stock Summary and Trading Ideas (Franklin FTSE Mexico ETF | ARCA:FLMX)

Franklin FTSE Mexico ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Mexico Capped Index. FTSE Mexico Capped Index is a market-capitalization weighted index representing the performance of Mexican large and mid capitalization stocks.

Franklin FTSE Mexico ETF trades on the ARCA stock market under the symbol FLMX.

As of October 4, 2024, FLMX stock price climbed to $27.58 with 13,614 million shares trading.

FLMX has a beta of 1.00, meaning it tends to be more sensitive to market movements. FLMX has a correlation of 0.25 to the broad based SPY ETF.

FLMX has a market cap of $97.91 million. This is considered a Micro Cap stock.

In the last 3 years, FLMX traded as high as $34.85 and as low as $21.94.

FLMX has underperformed the market in the last year with a return of +2.7%, while the SPY ETF gained +36.6%. In the last 3 month period, FLMX fell short of the market, returning -3.8%, while SPY returned +4.2%. However, in the most recent 2 weeks FLMX has outperformed the stock market by returning +2.4%, while SPY returned +0.8%.

FLMX support price is $26.48 and resistance is $27.29 (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 FLMX shares will trade within this expected range on the day.