IAF Stock Summary and Trading Ideas (Aberdeen Australia Equity | AMEX:IAF)

The Fund's principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the ASX. Its secondary objective is current income, which is expected to be derived primarily from dividends and interest on Australian corporate and governmental securities. The Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, of Australian companies listed on the Australian Stock Exchange Limited. For these purposes, "Australian companies" means companies that are tied economically to Australia. The following criteria will be considered in determining if a company is "tied economically" to Australia: whether the company (i) is a constituent of the S&P ASX 200 Accumulation Index ("S&P/ASX 200"); (ii) has its headquarters located in Australia; (iii) pays dividends on its stock in Australian dollars; (iv) has its accounts audited by Australian auditors; (v) is subject to Australian taxes levied by the Australian Taxation Office; (vi) holds its annual general meeting in Australia; (vii) has common stock/ordinary shares and/or other principal class of securities registered with Australian regulatory authorities for sale in Australia; or (viii) is incorporated in Australia. This 80% investment policy is a non-fundamental policy of the Fund and may be changed by the Board of Directors upon 60 days' prior written notice to stockholders. However, it is a fundamental policy of the Fund to normally invest at least 65% of its total assets in equity securities, consisting of common stock, preferred stock and convertible preferred stock, listed on the ASX. The Fund's equity investments are generally limited to securities of companies that are listed on the ASX. These investments may include securities of New Zealand issuers that are listed on the ASX. However, up to 10% of the value of the Fund's total assets (at the time of purchase) may be invested in unlisted equity securities. http://www.aberdeen-asset.us/aam.nsf/usClosedIaf/detail

Aberdeen Australia Equity trades on the AMEX stock market under the symbol IAF.

As of April 19, 2024, IAF stock price was flat at $4.17 with 45,051 million shares trading.

IAF has a beta of 1.22, meaning it tends to be more sensitive to market movements. IAF has a correlation of 0.46 to the broad based SPY ETF.

IAF has a market cap of $108.73 million. This is considered a Micro Cap stock.

In the last 3 years, IAF stock traded as high as $6.66 and as low as $3.60.

IAF has underperformed the market in the last year with a return of +3.7%, while the SPY ETF gained +21.2%. In the last 3 month period, IAF fell short of the market, returning +4.1%, while SPY returned +4.3%. However, in the most recent 2 weeks IAF has outperformed the stock market by returning -2.8%, while SPY returned -3.5%.

IAF support price is $4.11 and resistance is $4.23 (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 IAF stock will trade within this expected range on the day.