KRMA Stock Summary and Trading Ideas (Global X Conscious Companies ETF | NASDAQ:KRMA)

The ETF is designed to provide investors an opportunity to invest in well-managed companies that achieve financial performance in a sustainable and responsible manner and exhibit positive ESG characteristics. The ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Concinnity Conscious Companies Index. The Index is designed to provide exposure to U.S. listed companies that Concinnity Advisors LP, (the Index Provider) believes appear to achieve financial performance in a sustainable and responsible manner, as measured by their ability to achieve positive outcomes that are consistent with a multi-stakeholder operating system, as defined by the Index Provider. The Index Provider conducts its analysis based on the following five key stakeholder groups: (1) Customers (2) Employees (3) Suppliers, (4) Stock and Debt Holders (5) Communities in which the companies operate. The universe of companies eligible for inclusion in the Index is comprised of US-listed firms with a market capitalization greater than $2 billion at the time of the initial screen. The Index typically consists of between 100 and 125 stocks, and is equal weighted.

Global X Conscious Companies ETF trades on the NASDAQ stock market under the symbol KRMA.

As of December 13, 2024, KRMA stock price declined to $40.42 with 2,471 million shares trading.

KRMA has a beta of 0.96, meaning it tends to be less sensitive to market movements. KRMA has a correlation of 0.94 to the broad based SPY ETF.

KRMA has a market cap of $650.76 million. This is considered a Small Cap stock.

In the last 3 years, KRMA traded as high as $41.05 and as low as $25.04.

KRMA has underperformed the market in the last year with a price return of +23.2% while the SPY ETF gained +29.9%. KRMA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.7% and -0.6%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

KRMA support price is $40.18 and resistance is $40.76 (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 KRMA shares will trade within this expected range on the day.