(INQQ) India Internet & Ecommerce - Ratings and Ratios

The India Internet & Ecommerce ETF (INQQ) is an investment vehicle that tracks the performance of Indian internet and ecommerce companies, providing a focused exposure to the countrys burgeoning digital economy. By investing in securities or depositary receipts that replicate the underlying index, the fund offers a straightforward way to tap into the growth potential of Indias online market.

The underlying index is carefully crafted by the index provider to capture the essence of Indias internet and ecommerce landscape, comprising a universe of publicly-traded companies that are both investable and representative of the sector. As a non-diversified fund, INQQ is heavily concentrated on this specific segment, which can result in higher volatility but also potentially higher returns for those who get it right.

From a technical standpoint, INQQ has been exhibiting a bullish trend, with its short-term and long-term moving averages indicating a potential upswing. The stock is currently trading above its 20-day and 50-day simple moving averages (SMA20: 15.43, SMA50: 14.70), suggesting a positive momentum. However, its worth noting that the 200-day moving average (SMA200: 15.38) is slightly below the current price, which may indicate some resistance ahead. With an Average True Range (ATR) of 0.36, representing a 2.24% daily volatility, investors should be prepared for potential price swings.

Fundamentally, the AUM of $63.77M USD indicates a relatively modest size, which can be both a blessing and a curse. While it may limit the funds ability to absorb large inflows, it also suggests that the fund is agile and can navigate the market with relative ease. As the Indian ecommerce market continues to grow, driven by increasing internet penetration, a burgeoning middle class, and a favorable regulatory environment, INQQ is well-positioned to capitalize on this trend.

Looking ahead, we can forecast that INQQ may continue to ride the wave of Indias ecommerce growth story. With the technical indicators pointing towards a potential upswing and the fundamental growth drivers in place, its possible that the fund may reach new highs in the coming months. If the current price of $15.94 is sustained, and the AUM continues to grow, we may see the fund trading towards the $18-$20 range in the next 6-12 months, driven by the ongoing growth of the Indian ecommerce sector and a favorable market environment.