XME Stock Summary and Trading Ideas (SPDR S&P Metals & Mining ETF | ARCA:XME)

The SPDR S&P Metals & Mining ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Metals and Mining Select Industry Index (the Index ). The S&P Metals & Mining Select Industry Index (the Index ) represents the metals and mining segment of the S&PTotal Market Index ( S&P TMI ). The S&P TMI is designed to track the broad U.S. equity market. The metals & mining segment of the S&P TMI comprises the following sub-industries: Aluminum, Coal & Consumable Fuels, Copper, Diversified Metals & Mining, Gold, Precious Metals & Minerals, Silver, and Steel. The Index is one of twenty-one (21) of the S&P Select Industry Indices (the Select Industry Indices ), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard ( GICS ).

SPDR S&P Metals & Mining ETF trades on the ARCA stock market under the symbol XME.

As of October 4, 2024, XME stock price climbed to $63.73 with 1,223,048 million shares trading.

XME has a beta of 1.03, meaning it tends to be more sensitive to market movements. XME has a correlation of 0.26 to the broad based SPY ETF.

XME has a market cap of $1.83 billion. This is considered a Small Cap stock.

In the last 3 years, XME traded as high as $66.63 and as low as $39.79.

XME has underperformed the market in the last year with a return of +28.4%, while the SPY ETF gained +36.6%. In the last 3 month period, XME fell short of the market, returning +3.4%, while SPY returned +4.2%. However, in the most recent 2 weeks XME has outperformed the stock market by returning +5.9%, while SPY returned +0.8%.

XME support price is $61.78 and resistance is $64.05 (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 XME shares will trade within this expected range on the day.