(DRFC) Desjardins RI Canada - Ratings and Ratios

The Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF (DRFC) is an exchange-traded fund that focuses on Canadian equities while incorporating environmental considerations through its net-zero emissions pathway. This ETF is designed to provide investors with a diversified portfolio that aligns with the goal of reducing carbon footprint.

From a technical standpoint, DRFC has demonstrated a positive trend, with its last price of $34.47 CAD being above its short-term (SMA20: $33.29), medium-term (SMA50: $32.63), and long-term (SMA200: $31.77) moving averages, indicating a strong upward momentum. The Average True Range (ATR) of 0.45, or 1.31%, suggests a relatively stable volatility profile. Given the current technical indicators, a potential forecast could be that DRFC continues its upward trajectory, potentially reaching new 52-week highs, driven by its strong trend and relatively contained volatility.

Fundamentally, DRFC has a respectable Assets Under Management (AUM) of $211.43M CAD, indicating a decent level of investor confidence and liquidity. The funds focus on a multifactor approach, combined with its commitment to a net-zero emissions pathway, positions it well within the growing ESG (Environmental, Social, and Governance) investing trend. As investors increasingly look towards sustainable investment options, DRFC is poised to potentially attract more capital, further bolstering its AUM and potentially driving its price upwards.

Combining both technical and fundamental insights, a potential forecast for DRFC could be that it continues to attract investors due to its strong trend, relatively stable volatility, and its alignment with ESG investing principles. This could lead to further price appreciation, potentially pushing the ETF towards new highs. However, its crucial to monitor both technical indicators and fundamental data closely for any signs of reversal or changes in investor sentiment.