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S1SN34

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1d
1w
1m

Analysis and statistics

  • Open
    81.7467$
  • Previous Close
    81.7467$
  • 52 Week Change
    19.60$
  • Day Range
    0.00$
  • 52 Week High/Low
    63.7519$ - 83.3525$
  • Dividend Per Share
    --
  • Market cap
    19 526 M$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

S1SN34.SA is the ticker symbol for an American Depositary Receipt (ADR) representing shares of StoneCo Ltd., a Brazilian financial technology company, traded on the B3 stock exchange in Brazil. The ".SA" suffix denotes that the shares are listed on the B3, while the S1SN34 prefix is the specific code assigned to the ADR for trading purposes. ADRs allow U.S. investors to buy and sell shares of foreign companies in U.S. dollars on U.S. exchanges without the complexities of cross-border transactions.
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Factors

Global Iron Ore Prices: As a Brazilian iron ore ETF, S1SN34.SA's price is heavily influenced by global iron ore prices. Higher iron ore prices generally lead to increased value.

Exchange Rate (BRL/USD): The fund holds Brazilian assets, so fluctuations in the BRL/USD exchange rate impact its value when converted back to USD. A stronger BRL benefits the fund.

Vale S.A. Stock Performance: The ETF likely holds a significant position in Vale S.A., a major Brazilian iron ore producer. Vale's stock performance directly affects the ETF's overall value.

Demand for Iron Ore (China): China is a major consumer of iron ore. Changes in Chinese demand, driven by construction and manufacturing, have a significant impact on iron ore prices and, consequently, S1SN34.SA.

Brazilian Economic Conditions: Overall economic health in Brazil, including GDP growth and inflation, can influence investor sentiment and affect demand for Brazilian assets like S1SN34.SA.

Global Economic Outlook: The global economic outlook and expectations for growth influence demand for commodities like iron ore, impacting the fund's performance.

Supply of Iron Ore: Disruptions in the supply of iron ore, whether due to weather events, mine closures, or other factors, can affect prices and the value of the fund.

Investor Sentiment: General market sentiment towards emerging markets and commodity-related investments plays a role in driving demand for and the price of S1SN34.SA.

Interest Rates: Changes in interest rates, particularly in Brazil and the US, can influence investment flows and impact the attractiveness of S1SN34.SA.

Regulatory Environment: Changes in regulations affecting the iron ore industry or Brazilian financial markets can create uncertainty and influence investor behavior.

Geopolitical Risks: Geopolitical events and risks, particularly those impacting Brazil or major iron ore producers, can affect market sentiment and the fund's price.

Inflation: Global inflation, especially commodity price inflation, is positively correlated with the price of S1SN34.SA, as Iron ore is priced in USD.

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