(RAYD) Rayliant Quantitative - Ratings and Ratios

The Rayliant Quantitative Developed Market Equity ETF (RAYD) is an investment vehicle that focuses on equity securities of companies in developed markets, providing diversified exposure to large-cap stocks globally. By investing at least 80% of its net assets in these securities, the fund aims to capitalize on the stability and growth potential of mature economies.

The funds investment universe includes a broad range of equity securities, such as common stocks, depositary receipts, and preferred stocks, allowing the Adviser to construct a portfolio that is optimized for returns. The inclusion of exchange-traded funds (ETFs) and securities of other investment companies further enhances the funds flexibility, enabling it to adapt to changing market conditions. The Advisers definition of developed market companies encompasses those organized or operating primarily in countries with established economies, providing a clear framework for investment decisions.

Analyzing the funds technical data, we observe a positive trend, with the last price of $34.51 exceeding both the 20-day and 50-day simple moving averages (SMA20 and SMA50) of $32.97 and $32.33, respectively. The average true range (ATR) of 0.67, representing 1.93% of the last price, indicates moderate volatility. Given the current price is at its 52-week high, we can infer that the fund has demonstrated resilience and upward momentum.

Combining technical and fundamental insights, we can forecast that RAYD is likely to continue its upward trajectory, driven by the stability of developed market equities and the Advisers quantitative approach. With assets under management (AUM) of $85.91M USD, the fund has a solid foundation for continued investment and growth. Our analysis suggests that RAYD may be an attractive option for investors seeking exposure to large-cap stocks in developed markets, with potential for long-term capital appreciation.

Based on the current technical and fundamental data, a potential trading strategy could involve monitoring the funds price action relative to its SMA20 and SMA50, using these levels as indicators of trend strength. A sustained move above the current price could signal further upside potential, while a decline below these averages may indicate a reversal in trend. Investors should closely watch these levels and adjust their strategies accordingly.