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European markets in green following positive market sentiment
Seeking Alpha News (Wed, 24-Apr 4:30 AM ET)
European markets in green with London index touching an all-time high
Seeking Alpha News (Tue, 23-Apr 4:27 AM ET)
European markets mostly positive after last week's uncertainty
Seeking Alpha News (Mon, 22-Apr 4:25 AM ET)
European markets fall as Middle East tensions soar
Seeking Alpha News (Fri, 19-Apr 4:16 AM ET)
The Global X MSCI Greece ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.
Global X MSCI Greece ETF trades on the ARCA stock market under the symbol GREK.
As of April 24, 2024, GREK stock price declined to $40.85 with 2,807 million shares trading.
GREK has a beta of 0.65, meaning it tends to be less sensitive to market movements. GREK has a correlation of 0.19 to the broad based SPY ETF.
GREK has a market cap of $198.35 million. This is considered a Micro Cap stock.
In the last 3 years, GREK stock traded as high as $41.16 and as low as $20.74.
GREK has outperformed the market in the last year with a price return of +29.7% while the SPY ETF gained +24.4%. GREK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.9% and +0.5%, respectively, while the SPY returned +4.7% and -2.5%, respectively.
GREK support price is $40.31 and resistance is $41.67 (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 GREK stock will trade within this expected range on the day.