(DXID) Dynamic Active Innovation - Ratings and Ratios

The Dynamic Active Innovation and Disruption ETF (DXID) is a Canadian-listed, globally-focused equity ETF that aims to capture growth opportunities in innovative and disruptive companies. As a actively managed fund, it seeks to outperform the Morningstar Global Markets GR CAD Index, which serves as its benchmark.

By analyzing the ETFs technical data, we can observe that it has been exhibiting a relatively strong uptrend, with its current price of $18.35 CAD being above its 20-day and 50-day simple moving averages (SMA20 and SMA50). However, it is slightly above its 200-day simple moving average (SMA200), indicating some potential resistance. The Average True Range (ATR) of 0.45 CAD, representing 2.44% of the current price, suggests moderate volatility. Given these indicators, a potential forecast is that DXID may continue its upward trajectory, potentially reaching the upper end of its 52-week range, around $20.57 CAD, if the trend persists.

From a fundamental perspective, the ETFs Assets Under Management (AUM) stand at $28.88 million CAD, indicating a relatively modest size. However, this does not necessarily hinder its ability to achieve its investment objectives. As an actively managed ETF, DXIDs performance is heavily reliant on the expertise of its management team and their ability to identify and capitalize on emerging trends and opportunities in the innovation and disruption space.

Combining both technical and fundamental insights, a potential forecast for DXID is that it may experience a continued upward trend, driven by its focus on innovative and disruptive companies, and potentially benefiting from the overall growth of the global equity markets. If the ETF maintains its current momentum and the management team continues to make informed investment decisions, DXID may potentially reach new highs, potentially exceeding its current 52-week high of $20.57 CAD. However, it is essential to closely monitor the ETFs performance and adjust expectations accordingly, as the global equity markets can be inherently unpredictable.