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Asia-Pacific markets mixed, Nikkei falls over 2% as tech sector drags; Fed decision in focus
Seeking Alpha News (Tue, 17-Sep 12:52 AM ET)
Asia markets mixed, Nikkei falls over 2% as tech sector drags with Fed decision in focus
Seeking Alpha News (Tue, 17-Sep 12:52 AM ET)
Asia-Pacific markets mixed in holiday-thin trade on disappointing economic data from China
Seeking Alpha News (Mon, 16-Sep 1:04 AM ET)
As China stumbles, these consumer companies are bucking the trend
Seeking Alpha News (Sun, 15-Sep 9:01 AM ET)
China's retail sales rise less than expected in August, industrial output misses estimates
Seeking Alpha News (Sat, 14-Sep 1:52 PM ET)
China to raise retirement age as workforce shrinks, aging population grows
Seeking Alpha News (Fri, 13-Sep 4:01 AM ET)
Asian markets mixed on Friday, economic numbers from China awaited
Seeking Alpha News (Fri, 13-Sep 12:58 AM ET)
Asia markets higher, Nikkei jumps about 3.5% on hawkish BOJ and tracking Wall Street’s tech rally
Seeking Alpha News (Thu, 12-Sep 1:08 AM ET)
Asia markets higher tracking Wall Street’s tech rally, Nikkei jumps about 3.5% on hawkish BOJ
Seeking Alpha News (Thu, 12-Sep 1:08 AM ET)
Asia markets rise tracking Wall Street’s tech rally, Nikkei jumps about 3.5% on hawkish BOJ
Seeking Alpha News (Thu, 12-Sep 1:08 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 September 17, 2024, YANG stock price declined to $8.35 with 5,026,648 million shares trading.
YANG has a beta of -2.02, meaning it tends to be less sensitive to market movements. YANG has a correlation of 0.14 to the broad based SPY ETF.
YANG has a market cap of $108.36 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 $6.08.
YANG has underperformed the market in the last year with a return of -14.4%, while the SPY ETF gained +28.2%. In the last 3 month period, YANG fell short of the market, returning -2.2%, while SPY returned +4.1%. However, in the most recent 2 weeks YANG has outperformed the stock market by returning +1.6%, while SPY returned -0.1%.
YANG support price is $8.41 and resistance is $8.95 (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.