(QMAR) FT Cboe Vest Growth-100 - Ratings and Ratios

The FT Cboe Vest Growth-100 Buffer ETF - March (QMAR) is an exchange-traded fund that employs a buffering strategy to manage risk. Under normal market conditions, it invests substantially all its assets in FLexible EXchange (FLEX) Options referencing the Invesco QQQ Trust, Series 1, a popular ETF tracking the Nasdaq-100 Index. This investment approach allows QMAR to potentially benefit from the growth of the Nasdaq-100 while mitigating downside risk through the buffer provided by the FLEX Options.

FLEX Options are customized contracts that trade on an exchange, offering investors the flexibility to tailor key terms such as exercise prices, styles, and expiration dates. This customization enables QMAR to implement a defined outcome strategy, aiming to provide a buffer against losses up to a certain threshold, in this case, potentially limiting downside risk. As a non-diversified fund, QMARs investment strategy is heavily reliant on the performance of the Nasdaq-100 Index, making its returns closely tied to the tech-heavy index.

Analyzing the technical data, QMARs last price is $28.89, with its 200-day Simple Moving Average (SMA) at the same level, indicating a stable long-term trend. The 20-day and 50-day SMAs are slightly below, suggesting a recent uptrend. The Average True Range (ATR) is 0.59, representing a daily volatility of 2.03%. Given the current price is near its 200-day SMA and below its 52-week high of $30.87, theres potential for growth if the Nasdaq-100 Index continues to rise.

Considering the fundamental data, QMAR has $413.64 million in Assets Under Management (AUM), indicating a moderate level of investor interest. The funds defined outcome strategy, coupled with its focus on the Nasdaq-100 Index, positions it for potential growth in a bullish market. However, its non-diversified nature and reliance on FLEX Options mean its performance is closely tied to the tech sector.

Forecasting QMARs performance involves analyzing both its technical and fundamental data. Given the current technical indicators and the funds investment strategy, if the Nasdaq-100 Index continues its upward trend, QMAR is likely to follow, potentially reaching new highs. However, if the market experiences a downturn, the buffer provided by the FLEX Options should help mitigate losses. Based on the current SMA trends and assuming a continued bullish trend in the Nasdaq-100, QMAR could potentially reach $30.50 in the next quarter, representing a 5.5% increase from its current price. Conversely, a downturn could see it buffered against losses up to a certain level, depending on the specifics of the FLEX Options contracts.