FYX Stock Summary and Trading Ideas (First Trust Small Cap Core Alphadex | NASDAQ:FYX)

The Fund will correspond to the price and yield of an equity index called the NASDAQ AlphaDEX Small Cap Core Index. The Index is an enhanced index created and administered by Nasdaq, Inc. which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Small Cap Core Index by ranking the eligible stocks from the NASDAQ US 700 Small 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. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 525 stocks based on the selection score determined in the previous step comprise the selected stocks . 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 & Index is rebalanced quarterly.

First Trust Small Cap Core Alphadex trades on the NASDAQ stock market under the symbol FYX.

As of December 13, 2024, FYX stock price declined to $106.72 with 16,343 million shares trading.

FYX has a beta of 1.05, meaning it tends to be more sensitive to market movements. FYX has a correlation of 0.42 to the broad based SPY ETF.

FYX has a market cap of $1.00 billion. This is considered a Small Cap stock.

In the last 3 years, FYX traded as high as $111.87 and as low as $72.24.

FYX has underperformed the market in the last year with a price return of +22.9% while the SPY ETF gained +29.9%. However, in the short term, FYX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.8% vs +7.8% return in SPY. But in the last 2 weeks, FYX shares have been beat by the market, returning -2.4% compared to an SPY return of +0.3%.

FYX support price is $105.87 and resistance is $108.43 (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 FYX shares will trade within this expected range on the day.