KOMP Stock Summary and Trading Ideas (SPDR S&P Kensho New Economies Composite ETF | ARCA:KOMP)

The ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index. The Index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide. The Index is designed to capture companies whose products and services are driving innovation and transforming the global economy through the use of existing and emerging technologies, and rapid developments in robotics, automation, artificial intelligence, connectedness and processing power ("New Economies companies").The Index is comprised of each of the eligible Kensho New Economies Sub-Indexes. Each Kensho Sub-Index is weighted by its Sharpe ratio with an annual reconstitution. There are currently 22 Sub-Indexes in the Composite. Kensho identifies companies in its New Economy Subsectors using its propriety Natural Language Processing "NLP", which leverages their artificial intelligence capabilities to screen regulatory forms for key words and phrases in the appropriate context relevant to the respective new economy sector to find companies for inclusion.

SPDR S&P Kensho New Economies Composite ETF trades on the ARCA stock market under the symbol KOMP.

As of November 29, 2024, KOMP stock price climbed to $54.50 with 28,764 million shares trading.

KOMP has a beta of 1.28, meaning it tends to be more sensitive to market movements. KOMP has a correlation of 0.61 to the broad based SPY ETF.

KOMP has a market cap of $2.23 billion. This is considered a Mid Cap stock.

In the last 3 years, KOMP traded as high as $63.26 and as low as $36.23.

KOMP has underperformed the market in the last year with a return of +33.1%, while SPY returned +34.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KOMP shares. However, KOMP has outperformed the market in the last 3 month and 2 week periods, returning +13.2% and +2.9%, while SPY returned +7.6% and +0.9%, respectively. This indicates KOMP has been having a stronger performance recently.

KOMP support price is $53.44 and resistance is $55.08 (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 KOMP shares will trade within this expected range on the day.