LSAF Stock Summary and Trading Ideas (Leadershares Alphafactor US Core Equity ETF | ARCA:LSAF)

The LeaderShares AlphaFactor Core ETF seeks to passively replicate the Adviser s proprietary index, the AlphaFactor US Core Equity Index (the Index ). The Index utilizes a quantitative factor-based investment methodology focused on the largest 1,000 U.S. common stocks based on market capitalization. Companies within this group of top 1,000 market capitalization may be considered large or mid-cap companies. Due to future market fluctuations, the market capitalization of this universe may be lower or higher at any given time. The methodology selects stocks based on a number of characteristics that include, but are not limited to, net share count reduction, free cash flow growth, dividend yield, volatility and debt/asset ratios. The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization.

Leadershares Alphafactor US Core Equity ETF trades on the ARCA stock market under the symbol LSAF.

As of April 17, 2024, LSAF stock price declined to $36.63 with 19,718 million shares trading.

LSAF has a market cap of $141.03 million. This is considered a Micro Cap stock.

In the last 3 years, LSAF stock traded as high as $39.18 and as low as $26.26.

LSAF has underperformed the market in the last year with a price return of +20.3% while the SPY ETF gained +22.5%. However, in the short term, LSAF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.3% vs +6.3% return in SPY. But in the last 2 weeks, LSAF shares have been beat by the market, returning -5.4% compared to an SPY return of -3.6%.

LSAF support price is $36.57 and resistance is $37.24 (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 LSAF stock will trade within this expected range on the day.