(HDMV) First Trust Horizon Managed - Ratings and Ratios

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is designed to invest in a portfolio of common stocks and depositary receipts of developed market companies listed on non-U.S. exchanges, with a focus on those expected to exhibit low future volatility. The fund typically allocates its assets across at least three countries, with a significant portion, at least 40%, in countries outside the United States.

By concentrating on low-volatility stocks, HDMV aims to provide investors with a more stable investment option in the foreign large value category. The funds investment strategy is geared towards minimizing potential downside risk, making it potentially attractive to investors seeking to manage their exposure to market fluctuations.

Analyzing the technical data, HDMVs recent price action indicates a bullish trend, with the last price of $35.16 exceeding both the 20-day SMA ($34.60) and the 50-day SMA ($33.16). The 200-day SMA ($30.84) is significantly lower, suggesting a longer-term uptrend. The Average True Range (ATR) of $0.37, or 1.06%, indicates moderate daily price volatility. Given the proximity to the 52-week high of $35.37, the potential for further upside may be limited unless driven by significant fundamental improvements.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $28.85M USD. While this is relatively modest, it is sufficient to maintain liquidity. The ETFs category and investment strategy suggest it is positioned to benefit from a shift towards more stable, value-oriented investments in developed international markets.

Forecasting future performance, if the current uptrend continues and HDMV can maintain its position above key moving averages, it may test resistance near its 52-week high. A break above this level could signal further upside potential. Conversely, a decline below the 20-day SMA could indicate a reversal, potentially targeting the 50-day SMA. Fundamental factors, including changes in AUM and the overall appeal of low-volatility international investments, will also play a crucial role in determining the funds trajectory.