REMX Stock Summary and Trading Ideas (Vaneck Rare Earth/Strategic Metals ETF | ARCA:REMX)

Rare Earth/Strategic Metals ETF seeks to replicate as closely as possible before fees and expenses the price and yield performance of the Market Rare Earth/Strategic Metals Index a rules based modified capitalization weighted float adjusted index intended to give investors a means of tracking the overall performance of publicly traded companies primarily engaged in a variety of activities that are related to the mining refining and manufacturing of rare earth/strategic metals.

Vaneck Rare Earth/Strategic Metals ETF trades on the ARCA stock market under the symbol REMX.

As of April 23, 2024, REMX stock price declined to $49.58 with 119,069 million shares trading.

REMX has a beta of 0.82, meaning it tends to be less sensitive to market movements. REMX has a correlation of 0.11 to the broad based SPY ETF.

REMX has a market cap of $328.47 million. This is considered a Small Cap stock.

In the last 3 years, REMX stock traded as high as $127.50 and as low as $44.02.

REMX has underperformed the market in the last year with a price return of -37.2% while the SPY ETF gained +24.3%. REMX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.3% and -7.3%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

REMX support price is $48.50 and resistance is $50.80 (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 REMX stock will trade within this expected range on the day.