(CRPT) First Trust SkyBridge - Ratings and Ratios

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an investment vehicle that focuses on companies related to the cryptocurrency industry and the broader digital economy. By investing at least 80% of its net assets in the common stocks and ADRs of these companies, the fund provides a diversified exposure to this rapidly evolving sector.

The funds investment strategy is heavily tilted towards Crypto Industry Companies, with a minimum of 50% of its net assets allocated to these companies. The remaining portion of the 80% investment threshold is fulfilled by investing in Digital Economy Companies, which are likely to include businesses involved in e-commerce, digital payments, and other related areas.

Given the funds non-diversified nature, its performance is likely to be heavily influenced by the fortunes of the crypto industry and digital economy. As such, it may be more suitable for investors who are willing to take on higher levels of risk in pursuit of potentially higher returns.

From a technical analysis perspective, the funds price action suggests a bullish trend, with the short-term and long-term moving averages (SMA20: 15.96, SMA50: 14.09, SMA200: 15.21) indicating a strong upward momentum. The Average True Range (ATR: 0.89 = 4.81%) also suggests that the funds price is experiencing significant volatility, which may be a concern for risk-averse investors.

Using the available technical and fundamental data, a forecast for CRPT could be constructed. Assuming the crypto industry continues to grow and the digital economy expands, the funds AUM (95.69M USD) is likely to increase. With a strong upward momentum and a relatively high ATR, the funds price could potentially reach $25-$28 in the next 6-12 months, representing a 35%-51% increase from the current price of $18.52. However, this forecast is contingent upon the funds ability to navigate the inherent risks and challenges associated with the crypto industry and digital economy.