NZAC Stock Summary and Trading Ideas (SPDR MSCI Acwi Climate Paris Aligned ETF | NASDAQ:NZAC)

The SPDR MSCI ACWI Climate Paris Aligned ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Climate Paris Aligned Index. Fund seeks to track an index designed to reduce exposure to the physical and transition risks of climate change and increase target exposure to sustainable investment opportunities by incorporating the recommendations of the Taskforce on Climate Related Financial Disclosures (TCFD) and minimum requirements of the EU Paris Aligned Benchmark.

SPDR MSCI Acwi Climate Paris Aligned ETF trades on the NASDAQ stock market under the symbol NZAC.

As of December 13, 2024, NZAC stock price declined to $37.59 with 9,196 million shares trading.

NZAC has a beta of 0.93, meaning it tends to be less sensitive to market movements. NZAC has a correlation of 0.89 to the broad based SPY ETF.

NZAC has a market cap of $154.12 million. This is considered a Micro Cap stock.

NZAC has underperformed the market in the last year with a return of +23.7%, while the SPY ETF gained +29.9%. In the last 3 month period, NZAC fell short of the market, returning +4.3%, while SPY returned +7.8%. However, in the most recent 2 weeks NZAC has outperformed the stock market by returning +1.8%, while SPY returned +0.3%.

NZAC support price is $37.38 and resistance is $37.86 (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 NZAC shares will trade within this expected range on the day.