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ICE

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.0727$
  • Previous Close
    0.0717$
  • 52 Week Change
    0.09$
  • Day Range
    0.00$
  • 52 Week High/Low
    0.013$ - 0.099$
  • Dividend Per Share
    --
  • Market cap
    39 355 K$
  • EPS
    0
  • Beta
    0.623
  • Volume
    --

About

ICE.AU represents shares of BetaShares Australian Investment Grade Corporate Bond ETF. This exchange-traded fund (ETF) aims to track the performance of an index composed of investment grade corporate bonds issued in Australian dollars. By investing in ICE.AU, investors gain diversified exposure to a portfolio of Australian corporate bonds, potentially offering a regular income stream and lower volatility compared to equities. The ETF seeks to replicate the Bloomberg AusBond Credit Index, which includes bonds issued by Australian companies with a credit rating of BBB- or higher. It provides a convenient way to access the Australian corporate bond market without directly purchasing individual bonds.

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Factors

ICE.AU stock price is influenced by several factors:

Iron Ore Prices: ICE.AU's profitability depends heavily on iron ore prices; increased prices generally boost the stock.

Production Volumes: Higher production and shipments of iron ore typically translate to greater revenue and improved stock value.

Operational Costs: Efficient cost management impacts profitability; lower costs benefit the stock.

Exchange Rates: Fluctuations in the Australian dollar (AUD) against other currencies, especially USD, affect revenue.

Global Economic Conditions: Global economic growth drives demand for iron ore, impacting the stock.

Chinese Demand: As a major consumer of iron ore, China's demand significantly influences prices and thus, ICE.AU.

Government Policies: Mining regulations, royalties, and environmental policies can impact operational costs and stock valuation.

Company-Specific News: Announcements about exploration, acquisitions, or operational issues can affect investor sentiment.

Market Sentiment: Overall investor confidence and risk appetite play a role in stock valuation.

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