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Are trade wars easy to win? Biden set to hike tariffs on Chinese EVs and solar
Seeking Alpha News (Mon, 13-May 6:23 AM ET)
Asia-Pacific markets mixed as traders react to China’s hotter-than-expected inflation data
Seeking Alpha News (Mon, 13-May 3:20 AM ET)
Asia-Pacific markets mixed tracking gains on Wall Street;; Hong Kong stocks hit 8-month high
Seeking Alpha News (Fri, 10-May 4:12 AM ET)
Asia-Pacific markets higher tracking gains on Wall Street; Hong Kong stocks hit 8-month high
Seeking Alpha News (Fri, 10-May 4:12 AM ET)
Seeking Alpha News (Thu, 9-May 3:21 AM ET)
Asia-Pacific markets mixed after China trade data; BOJ flags inflation risks
Seeking Alpha News (Thu, 9-May 3:21 AM ET)
The Direxion Daily FTSE China Bear 3X Shares seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the FTSE China 50 Index (the China Index). There is no guarantee the fund will meet its stated investment objective. The FTSE China 50 Index (TXIN0UNU) consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ( SEHK ). Securities in the Index are weighted based on the total market value of their shares, so that securities with higher total market values will generally have a higher representation in the Index.
Direxion Daily FTSE China Bear 3X trades on the ARCA stock market under the symbol YANG.
As of May 13, 2024, YANG stock price declined to $6.92 with 9,105,465 million shares trading.
YANG has a beta of -2.67, meaning it tends to be less sensitive to market movements. YANG has a correlation of 0.17 to the broad based SPY ETF.
YANG has a market cap of $172.84 million. This is considered a Micro Cap stock.
In the last 3 years, YANG stock traded as high as $48.44 and as low as $6.82.
YANG has underperformed the market in the last year with a price return of -30.5% while the SPY ETF gained +27.8%. YANG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -53.1% and -25.9%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
YANG support price is $7.04 and resistance is $7.72 (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 YANG stock will trade within this expected range on the day.