PXH Stock Summary and Trading Ideas (Invesco FTSE Rafi Emerging Markets ETF | ARCA:PXH)

The Invesco FTSE RAFI Emerging Markets ETF (Fund) is based on the FTSE RAFI Emerging Markets Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest emerging market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Invesco FTSE Rafi Emerging Markets ETF trades on the ARCA stock market under the symbol PXH.

As of April 25, 2024, PXH stock price declined to $19.43 with 20,024 million shares trading.

PXH has a beta of 0.71, meaning it tends to be less sensitive to market movements. PXH has a correlation of 0.41 to the broad based SPY ETF.

PXH has a market cap of $1.21 billion. This is considered a Small Cap stock.

In the last 3 years, PXH stock traded as high as $24.39 and as low as $15.65.

PXH stock has underperformed the market in the last year with a return of +10.8%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PXH shares. However, PXH has outperformed the market in the last 3 month and 2 week periods, returning +4.8% and -1.1%, while SPY returned +2.9% and -3.1%, respectively. This indicates PXH has been having a stronger performance recently.

PXH support price is $19.31 and resistance is $19.67 (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 PXH stock will trade within this expected range on the day.