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 October 7, 2024, REMX stock price climbed to $50.76 with 310,023 million shares trading.

REMX has a beta of 1.03, meaning it tends to be more sensitive to market movements. REMX has a correlation of 0.13 to the broad based SPY ETF.

REMX has a market cap of $288.06 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 return of -19.0%, while SPY returned +33.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in REMX shares. However, REMX has outperformed the market in the last 3 month and 2 week periods, returning +15.3% and +27.5%, while SPY returned +2.7% and -0.3%, respectively. This indicates REMX has been having a stronger performance recently.

REMX support price is $46.41 and resistance is $48.91 (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.