MXF Stock Summary and Trading Ideas (Mexico | NYSE:MXF)

The Fund’s investment objective is long-term capital appreciation through investment in securities, primarily equity, listed on the Bolsa Mexicana de Valores, S.A. de C.V. (the “Mexican Stock Exchange”). The Fund may invest in Mexican fixed-income securities and bank time deposits of Mexican banks, all of which are peso-denominated and may be dollar-linked (i.e., paid in pesos but with repayment linked to a dollar exchange rate), in order to provide appropriate liquidity to take advantage of market opportunities and meet cash requirements. The Fund may also invest in dollar-denominated deposits and floating rate notes of Mexican banks. As market or other conditions require, the proportion of the Fund’s assets held in fixed-income securities or bank time deposits may vary. The Fund will not realize capital gains for the sole purpose of making distributions to shareholders.

Mexico trades on the NYSE stock market under the symbol MXF.

As of April 18, 2024, MXF stock price declined to $17.71 with 26,880 million shares trading.

MXF has a beta of 0.82, meaning it tends to be less sensitive to market movements. MXF has a correlation of 0.23 to the broad based SPY ETF.

MXF has a market cap of $261.61 million. This is considered a Small Cap stock.

In the last 3 years, MXF stock traded as high as $19.69 and as low as $12.94.

MXF has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +22.3%. MXF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.9% and -7.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

MXF support price is $17.64 and resistance is $18.04 (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 MXF stock will trade within this expected range on the day.