27-Mar-2024
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The Invesco S&P SmallCap 600 Pure Growth ETF (Fund) is based on the S&P SmallCap 600 Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong growth characteristics in the S&P SmallCap 600 Index. Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. The Fund and the Index are rebalanced annually.
Invesco S&P Smallcap 600 Pure Growth ETF trades on the ARCA stock market under the symbol RZG.
As of March 27, 2024, RZG stock price climbed to $48.04 with 1,635 million shares trading.
RZG has a beta of 0.87, meaning it tends to be less sensitive to market movements. RZG has a correlation of 0.42 to the broad based SPY ETF.
RZG has a market cap of $102.81 million. This is considered a Micro Cap stock.
In the last 3 years, RZG stock traded as high as $59.65 and as low as $35.96.
RZG has underperformed the market in the last year with a return of +26.1%, while the SPY ETF gained +33.6%. In the last 3 month period, RZG fell short of the market, returning +4.1%, while SPY returned +10.1%. However, in the most recent 2 weeks RZG has outperformed the stock market by returning +3.3%, while SPY returned +1.7%.
RZG support price is $46.67 and resistance is $47.71 (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 RZG stock will trade within this expected range on the day.