(RAYE) Rayliant Quantamental - Ratings and Ratios

The Rayliant Quantamental Emerging Market Equity ETF (RAYE) is an actively managed exchange-traded fund that focuses on equity securities of emerging market companies, excluding those from China. The funds investment strategy is centered around a quantitative and fundamental approach, aiming to capitalize on market opportunities in emerging economies.

The Advisers definition of an emerging market company is based on the companys organization or principal place of business, allowing for a broad coverage of emerging market economies. The funds portfolio comprises a diverse range of equity securities, including common stocks, depositary receipts (both sponsored and unsponsored), preferred stocks, and securities of other investment companies, providing a comprehensive exposure to the emerging markets universe.

From a technical analysis perspective, the current price of RAYE is $24.57, indicating a potential bullish trend as it is above its 20-day and 50-day simple moving averages (SMA20: $23.47, SMA50: $22.68). However, it is below its 200-day simple moving average (SMA200: $23.98), suggesting a mixed signal. The Average True Range (ATR) of 0.37, representing 1.49% of the current price, indicates moderate volatility. Given the current technical setup, a potential price target could be the 52-week high of $26.18, assuming the bullish trend continues.

Considering the fundamental data, the Assets Under Management (AUM) of $65.83 million suggests a relatively small but still viable fund size, allowing for agility in portfolio management. Combining this with the technical analysis, a forecast for RAYE could be made. If the fund continues to demonstrate a bullish trend, breaking above its SMA200 and maintaining a stable ATR, it may reach or surpass its 52-week high. Conversely, a decline below the SMA50 could signal a bearish trend, potentially targeting the 52-week low of $20.28. Therefore, a potential forecast is that RAYE may continue its upward trajectory, potentially reaching $26.50 in the near term, based on its current technical and fundamental profile.