(ROSC) Hartford Multifactor Small - Ratings and Ratios

The Hartford Multifactor Small Cap ETF (ROSC) is an actively managed exchange-traded fund that focuses on the United States small-cap market, aiming to capitalize on a blend of key factors: valuation, momentum, and quality. By doing so, it seeks to mitigate risks and seize opportunities within this segment.

ROSC achieves its investment objective by investing at least 80% of its net assets in securities that are part of its underlying index, as well as in depositary receipts that represent these securities. The underlying index is carefully constructed to include equity securities of companies that exhibit a favorable combination of the aforementioned factors, effectively creating a diversified portfolio that is poised to perform well across various market conditions.

From a technical standpoint, ROSC has shown a recent uptrend, with its last price of $40.39 being above both its 20-day Simple Moving Average (SMA) of $40.03 and its 50-day SMA of $39.48. However, it remains below its 200-day SMA of $42.37, indicating a longer-term downtrend. The Average True Range (ATR) stands at $0.59, or 1.46% of its current price, suggesting moderate volatility. Given these indicators, a potential trading strategy could involve waiting for a breakout above the 200-day SMA, or leveraging the current uptrend by setting a stop-loss around the 20-day SMA.

Fundamentally, ROSCs Assets Under Management (AUM) stand at $34.10 million, indicating a relatively niche but still viable ETF. The funds small value orientation positions it to potentially benefit from any resurgence in the small-cap value segment, which has historically been a fertile ground for growth during certain phases of the economic cycle.

Forecasting ROSCs performance involves analyzing both its technical and fundamental data. Given its current technical setup, a break above the 200-day SMA could signal a significant bullish trend reversal. Fundamentally, if the small-cap value segment experiences a revival, driven by factors such as economic growth or a rotation out of larger-cap stocks, ROSC is well-positioned to benefit. Therefore, a potential forecast could involve a gradual appreciation towards its 52-week high of $47.20, provided it can sustain its current uptrend and break through its longer-term resistance levels. Conversely, failure to break above the 200-day SMA and a decline below the 20-day SMA could signal a continuation of the downtrend, potentially testing its 52-week low of $36.00.