FXO Stock Summary and Trading Ideas (First Trust Financials Alphadex | ARCA:FXO)

The First Trust Financials AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Financials Index.

First Trust Financials Alphadex trades on the ARCA stock market under the symbol FXO.

As of April 24, 2024, FXO stock price was flat at $45.79 with 87,281 million shares trading.

FXO has a beta of 1.09, meaning it tends to be more sensitive to market movements. FXO has a correlation of 0.45 to the broad based SPY ETF.

FXO has a market cap of $853.98 million. This is considered a Small Cap stock.

In the last 3 years, FXO stock traded as high as $48.99 and as low as $32.92.

FXO stock has underperformed the market in the last year with a return of +23.3%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FXO shares. However, FXO has outperformed the market in the last 3 month and 2 week periods, returning +5.2% and -1.6%, while SPY returned +4.5% and -2.8%, respectively. This indicates FXO has been having a stronger performance recently.

FXO support price is $45.28 and resistance is $46.30 (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 FXO stock will trade within this expected range on the day.