(NANR) SPDR S&P North American - Ratings and Ratios

The SPDR S&P North American Natural Resources ETF (NANR) is an investment vehicle that focuses on the natural resources sector, comprising U.S. and Canadian publicly traded companies involved in energy, metals & mining, and agriculture. By investing at least 80% of its assets in the securities that make up its tracking index, NANR provides a diversified, albeit non-diversified fund, exposure to this specific segment of the market.

The underlying index for NANR is constructed around investable companies within the natural resources categories, indicating a strategic selection process that aims to capture the performance of this sector. With a presence in both the U.S. and Canadian markets, NANR offers a broad geographical exposure within North America, catering to investors seeking to tap into the natural resources market across these regions.

From a technical standpoint, the recent price action of NANR has shown resilience, with the ETF trading above its short-term and long-term moving averages, indicating a positive trend. The Average True Range (ATR) suggests moderate volatility, which is a characteristic that investors should be aware of when considering this ETF. The proximity to its 52-week high and the distance from its 52-week low also suggest that NANR is currently in a relatively strong position.

Fundamentally, the Assets Under Management (AUM) of $580.72 million indicate a reasonable scale for the ETF, suggesting it has a certain level of investor interest and liquidity. This size can be beneficial for investors, as it typically implies lower trading costs and the ability to enter or exit positions without significantly affecting the market price.

Forecasting the future performance of NANR involves analyzing both its technical and fundamental data. Given its current price above the SMA20, SMA50, and SMA200, and considering the ATR, there is an indication of a stable upward trend. If the natural resources sector continues to grow, driven by demand for energy, metals, and agricultural products, NANR is well-positioned to benefit. However, the non-diversified nature of the fund means it is more susceptible to sector-specific downturns. Therefore, a potential forecast could involve a continued upward trajectory, potentially reaching $60 in the short term, contingent upon sustained demand and stable global economic conditions. Conversely, a decline in the natural resources sector could lead to a drop below $54, making it a critical level to watch for investors.