FRDM Stock Summary and Trading Ideas (Freedom 100 Emerging Markets ETF | BATS:FRDM)

The Freedom 100 Emerging Markets ETF (the Fund ) seeks to track the total return performance, before fees and expenses, of the Freedom 100 Emerging Markets Index. The Index is designed to track the performance of a portfolio of approximately 100 equity securities listed in emerging market countries. Thereafter, country inclusion and weights are determined based on quantified data covering 79 personal and economic freedom factors. Factors are categorized into three main types of freedoms: the rights to life (such as absence of terrorism, human trafficking, torture, and political detentions), liberty (such as rule of law, due process, freedom of the press, freedom of religion, freedom of assembly), and property (such as marginal tax rates, access to international trade, business regulations, established monetary and fiscal institutions, and size of government).

Freedom 100 Emerging Markets ETF trades on the BATS stock market under the symbol FRDM.

As of April 19, 2024, FRDM stock price declined to $32.03 with 93,482 million shares trading.

FRDM has a beta of 1.07, meaning it tends to be more sensitive to market movements. FRDM has a correlation of 0.57 to the broad based SPY ETF.

FRDM has a market cap of $757.51 million. This is considered a Small Cap stock.

In the last 3 years, FRDM stock traded as high as $35.28 and as low as $24.29.

FRDM has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +21.2%. However, in the short term, FRDM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.0% vs +3.0% return in SPY. But in the last 2 weeks, FRDM shares have been beat by the market, returning -5.6% compared to an SPY return of -4.5%.

FRDM support price is $31.93 and resistance is $32.69 (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 FRDM stock will trade within this expected range on the day.