(WMAT) SPDR MSCI World Materials - Ratings and Ratios

The SPDR® MSCI World Materials UCITS ETF USD Acc (Ticker: WMAT) is an exchange-traded fund designed to track the performance of the global materials sector. It provides exposure to companies involved in the production of chemicals, metals, and construction materials. The fund is listed on the AS exchange and is domiciled in the Netherlands.

From a technical perspective, WMAT has shown a neutral trend over the past 200 days, with its price hovering around the 200-day simple moving average (SMA) of 57.94. The 20-day SMA of 58.97 and 50-day SMA of 57.87 indicate a flattening trend. The Average True Range (ATR) of 0.54 suggests low volatility, while the average 20-day volume of 1,153 indicates moderate trading activity. The last price of 57.14 is slightly below the 20-day SMA, signaling a potential short-term downturn.

Fundamentally, the ETF has assets under management (AUM) of 84.06 million EUR, reflecting its moderate size in the materials sector. Its USD-denominated returns are adjusted for currency fluctuations, making it sensitive to exchange rate changes between the USD and EUR.

Over the next three months, WMAT is expected to remain range-bound due to its proximity to the 200-day SMA and low ATR. However, any significant movement in global materials demand, driven by economic recovery or supply chain dynamics, could shift its trajectory. The funds performance will likely correlate with broader market trends in the industrial materials sector.