RAAX Stock Summary and Trading Ideas (Vaneck Inflation Allocation ETF | ARCA:RAAX)

VanEck Inflation Allocation ETF (the "Fund") seeks long-term total return. In pursuing long-term total return, the Fund seeks to maximize real returns while seeking to reduce downside risk during sustained market declines by allocating primarily to exchange-traded products that provide exposure to real assets, which include commodities, real estate, natural resources, and infrastructure. The Fund seeks to reduce downside risk by using a rules-based approach to determine when to allocate a portion of the Funds assets to cash and cash equivalents.

Vaneck Inflation Allocation ETF trades on the ARCA stock market under the symbol RAAX.

As of April 19, 2024, RAAX stock price declined to $27.14 with 12,434 million shares trading.

RAAX has a beta of 0.46, meaning it tends to be less sensitive to market movements. RAAX has a correlation of 0.18 to the broad based SPY ETF.

RAAX has a market cap of $81.42 million. This is considered a Micro Cap stock.

In the last 3 years, RAAX stock traded as high as $29.93 and as low as $22.25.

RAAX stock has underperformed the market in the last year with a return of +8.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RAAX shares. However, RAAX has outperformed the market in the last 3 month and 2 week periods, returning +9.9% and -0.6%, while SPY returned +4.3% and -3.5%, respectively. This indicates RAAX has been having a stronger performance recently.

RAAX support price is $26.90 and resistance is $27.48 (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 RAAX stock will trade within this expected range on the day.