(ASHR) Xtrackers Harvest CSI 300 - Ratings and Ratios

The Xtrackers Harvest CSI300 China A-Shares ETF (NYSE ARCA:ASHR) is an exchange-traded fund that tracks the CSI 300 Index, providing investors with exposure to the Chinese A-share market. By investing at least 80% of its assets in the securities that comprise the underlying index, the fund offers a diversified portfolio of 300 of the largest and most liquid Chinese stocks, spanning small-cap, mid-cap, and large-cap segments.

The CSI 300 Index is a widely recognized benchmark for the Chinese A-share market, reflecting the overall performance and price fluctuations of the market. As the fund is non-diversified, it is heavily reliant on the performance of the underlying index, making it essential for investors to closely monitor the indexs constituents and overall market trends.

From a technical analysis perspective, the current price of ASHR is $27.02, indicating a potential buying opportunity as it is above its 20-day and 50-day simple moving averages (SMA20: $26.81, SMA50: $26.23). However, the funds price is below its 52-week high of $35.05, suggesting a significant correction. The average true range (ATR) of 0.25, equivalent to 0.93%, indicates moderate volatility.

Considering the funds assets under management (AUM) of $2000.61M USD, it is evident that ASHR has a substantial presence in the market. Given the current technical and fundamental data, a forecast for ASHR could be that it will continue to consolidate around its current price levels, potentially breaking out above its SMA20 or SMA50 in the short term. However, a sustained rally above $28.00 could signal a stronger upward trend, while a drop below $26.00 may indicate a further decline.

To make an informed investment decision, it is crucial to closely monitor the CSI 300 Index, Chinese economic indicators, and overall market sentiment. A thorough analysis of these factors will enable investors to better understand the potential risks and opportunities associated with ASHR, ultimately making a more informed decision.