FXZ Stock Summary and Trading Ideas (First Trust Materials Alphadex | ARCA:FXZ)

The First Trust Materials 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 Materials Index.

First Trust Materials Alphadex trades on the ARCA stock market under the symbol FXZ.

As of April 19, 2024, FXZ stock price climbed to $68.10 with 48,668 million shares trading.

FXZ has a beta of 0.88, meaning it tends to be less sensitive to market movements. FXZ has a correlation of 0.43 to the broad based SPY ETF.

FXZ has a market cap of $415.41 million. This is considered a Small Cap stock.

In the last 3 years, FXZ stock traded as high as $75.76 and as low as $50.60.

FXZ has underperformed the market in the last year with a price return of +6.9% while the SPY ETF gained +21.2%. However, in the short term, FXZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.7% vs +3.0% return in SPY. But in the last 2 weeks, FXZ shares have been beat by the market, returning -4.5% compared to an SPY return of -4.5%.

FXZ support price is $67.00 and resistance is $68.60 (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 FXZ stock will trade within this expected range on the day.