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WOOD

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1d
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Analysis and statistics

  • Open
    1774.0421$
  • Previous Close
    1774.0421$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

WOOD.MX refers to the iShares Global Timber & Forestry UCITS ETF USD (Acc). This ETF tracks the performance of an index composed of global companies involved in the timber and forestry industry. It provides exposure to businesses engaged in the management, harvesting, and processing of timber and forest products.

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Factors

Lumber Prices: WOOD.MX tracks lumber companies, thus lumber prices directly impact its performance. Higher lumber prices often boost the ETF's value.

Housing Market: Housing construction is a major lumber consumer. A strong housing market typically increases lumber demand, positively affecting WOOD.MX.

Interest Rates: Interest rate changes influence the housing market and therefore indirectly impact lumber demand and WOOD.MX's price.

Trade Policies: Tariffs or trade agreements affecting lumber imports and exports can significantly alter lumber prices and influence WOOD.MX.

Forest Fires/Natural Disasters: Events that disrupt lumber supply, like forest fires, can drive up lumber prices, benefiting WOOD.MX, but can also hurt timber companies.

Economic Growth: Overall economic health influences construction and industrial activities, driving lumber demand and impacting WOOD.MX's performance.

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