(DAX) Global X DAX Germany - Ratings and Ratios

The Global X DAX Germany ETF (NASDAQ:DAX) is designed to provide exposure to the performance of the largest and most liquid blue-chip companies in Germany. The fund allocates at least 80% of its total assets to securities included in its underlying index, as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) linked to those securities. The underlying index tracks the performance of the most actively traded and prominent companies on the German equities market, offering a concentrated exposure to the German economy. The ETF is classified as non-diversified, meaning it may invest a significant portion of its assets in a limited number of securities, which can lead to higher volatility compared to diversified funds.

As of the latest data, the fund has an average trading volume of 91,475 shares over the past 20 days, with a last price of $40.72. Its short-term moving average (SMA 20) is $38.00, while its medium-term (SMA 50) and long-term (SMA 200) moving averages are $36.01 and $33.84, respectively. This indicates a steady upward trend in the funds price over the past year. The Average True Range (ATR) of 0.57 reflects relatively low volatility in recent trading sessions. The funds assets under management (AUM) currently stand at $84.54 million, highlighting its moderate size in the ETF universe. For more information, visit the funds website at http://www.globalxfunds.com.

3-Month Forecast: Based on the provided data, the ETF is expected to maintain its upward momentum in the near term. The SMA 20 crossing above the SMA 50 suggests continued bullish sentiment, while the SMA 200 remains below, indicating long-term growth potential. The relatively low ATR of 0.57 suggests that price fluctuations are likely to remain manageable. With an AUM of $84.54 million, the fund is well-supported by investor interest, which could contribute to stability. Overall, the technical and fundamental data point to a positive outlook for the next three months, with potential for further gains in line with the broader German markets performance.