HERO Stock Summary and Trading Ideas (Global X Video Games & Esports ETF | :HERO)

The Global X Video Games & Esports ETF (HERO) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Video Games & Esports Index. The Underlying Index is designed to provide exposure to exchange-listed companies that are positioned to benefit from increased consumption related to video games and esports, including companies whose principal business is in video game development/publishing, video game and esports content distribution and streaming, operating/owning esports leagues/teams, and producing video game/esports hardware (collectively, Video Games & Esports Companies ), as defined by Solactive AG, the provider of the Underlying Index ("Index Provider").

Global X Video Games & Esports ETF trades on the stock market under the symbol HERO.

As of April 19, 2024, HERO stock price declined to $19.00 with 6,804 million shares trading.

HERO has a beta of 1.27, meaning it tends to be more sensitive to market movements. HERO has a correlation of 0.57 to the broad based SPY ETF.

HERO has a market cap of $118.75 million. This is considered a Micro Cap stock.

In the last 3 years, HERO stock traded as high as $33.45 and as low as $16.57.

HERO has underperformed the market in the last year with a price return of -6.4% while the SPY ETF gained +21.2%. HERO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.2% and -5.7%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

HERO support price is $19.02 and resistance is $19.56 (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 HERO stock will trade within this expected range on the day.