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Cons Disc distribution & retail has the highest dispersion among S&P groups - MS
Seeking Alpha News (Tue, 26-Mar 11:45 AM ET)
The SPDR S&P Health Care Equipment ETF before expenses seeks to closely match the returns and characteristics of the S&P Health Care Equipment Select Industry Index (index ticker: SPSIHE). The approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.
SPDR S&P Health Care Equipment ETF trades on the ARCA stock market under the symbol XHE.
As of March 28, 2024, XHE stock price climbed to $87.94 with 20,339 million shares trading.
XHE has a beta of 1.34, meaning it tends to be more sensitive to market movements. XHE has a correlation of 0.42 to the broad based SPY ETF.
XHE has a market cap of $288.00 million. This is considered a Small Cap stock.
In the last 3 years, XHE stock traded as high as $133.87 and as low as $66.20.
XHE has underperformed the market in the last year with a return of -4.3%, while the SPY ETF gained +33.6%. In the last 3 month period, XHE fell short of the market, returning +3.0%, while SPY returned +10.1%. However, in the most recent 2 weeks XHE has outperformed the stock market by returning +3.9%, while SPY returned +1.7%.
XHE support price is $86.16 and resistance is $88.21 (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 XHE stock will trade within this expected range on the day.