Moving averages are tightening, implying possible trend continuation if volume sustains. If you’re unfamiliar with Albemarle, it’s become popular with investors recently because of its lithium production, a main ingredient in electric vehicle (EV) batteries. With investors shying away from EV stocks in recent months, stocks like Albemarle have been hit by the dampened enthusiasm for EVs. Investors should note that the fund has a 5-year beta of 1, so it is likely going to be as volatile as the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 0, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns. Futures-linked derivatives tied to "vinix stock price" show open interest climbing, often a precursor to heightened market activity in the primary stock.
