FNK Stock Summary and Trading Ideas (First Trust Mid Cap Value Alphadex | NASDAQ:FNK)

The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Mid Cap Value Index. The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The Index is created and administered by Nasdaq, Inc. (Nasdaq) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Value Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Mid Cap Value Index by ranking the top 225 eligible stocks from the NASDAQ US 600 Mid Cap Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

First Trust Mid Cap Value Alphadex trades on the NASDAQ stock market under the symbol FNK.

As of April 19, 2024, FNK stock price climbed to $50.66 with 11,485 million shares trading.

FNK has a beta of 1.20, meaning it tends to be more sensitive to market movements. FNK has a correlation of 0.55 to the broad based SPY ETF.

FNK has a market cap of $217.84 million. This is considered a Small Cap stock.

In the last 3 years, FNK stock traded as high as $54.27 and as low as $38.05.

FNK has underperformed the market in the last year with a return of +18.7%, while the SPY ETF gained +21.2%. In the last 3 month period, FNK fell short of the market, returning +3.9%, while SPY returned +4.3%. However, in the most recent 2 weeks FNK has outperformed the stock market by returning -3.5%, while SPY returned -3.5%.

FNK support price is $49.51 and resistance is $50.69 (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 FNK stock will trade within this expected range on the day.