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 November 22, 2024, REMX stock price declined to $46.10 with 351,220 million shares trading.

REMX has a beta of 0.98, 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 $257.01 million. This is considered a Small Cap stock.

In the last 3 years, REMX traded as high as $127.50 and as low as $36.01.

REMX has underperformed the market in the last year with a price return of -20.2% while the SPY ETF gained +32.4%. However, in the short term, REMX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.6% vs +7.4% return in SPY. But in the last 2 weeks, REMX shares have been beat by the market, returning -3.7% compared to an SPY return of -0.4%.

REMX support price is $45.67 and resistance is $47.45 (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 shares will trade within this expected range on the day.