YANG Stock Summary and Trading Ideas (Direxion Daily FTSE China Bear 3X | ARCA:YANG)

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 November 4, 2024, YANG stock price declined to $71.76 with 545,759 million shares trading.

YANG has a beta of -2.17, meaning it tends to be less sensitive to market movements. YANG has a correlation of 0.06 to the broad based SPY ETF.

YANG has a market cap of $173.04 million. This is considered a Micro Cap stock.

In the last 3 years, YANG traded as high as $968.80 and as low as $47.80.

YANG has underperformed the market in the last year with a return of -63.3%, while the SPY ETF gained +32.7%. In the last 3 month period, YANG fell short of the market, returning -61.6%, while SPY returned +7.3%. However, in the most recent 2 weeks YANG has outperformed the stock market by returning -0.6%, while SPY returned -2.4%.

YANG support price is $67.76 and resistance is $77.84 (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 shares will trade within this expected range on the day.