(PFAE) Picton Mahoney Fortified - Ratings and Ratios

The Picton Mahoney Fortified Active Extension Alternative Fund ETF, traded as PFAE on the Toronto Stock Exchange, is a Canadian ETF that employs an active extension strategy to potentially outperform traditional long-only portfolios. This fund is managed by Picton Mahoney Asset Management, a firm known for its expertise in alternative investment strategies.

By utilizing a combination of long and short positions, PFAE aims to capitalize on both rising and falling markets, potentially reducing overall volatility and enhancing returns. The funds active extension approach involves maintaining a long position in a portfolio of securities while also taking short positions to hedge against potential losses or to capitalize on perceived mispricings in the market.

Given the current technical data, with the last price at $21.77, the SMA20 at $20.82, SMA50 at $20.44, and SMA200 at $20.40, the ETF is exhibiting a bullish trend as its current price is above its medium to long-term moving averages. The Average True Range (ATR) of 0.37, representing 1.70% of the last price, indicates relatively low volatility. The 52-week high and low of $21.85 and $17.01, respectively, suggest that the ETF has recently been trading near its peak, indicating strong performance over the past year.

With Assets Under Management (AUM) of $99.31 million CAD, PFAE has a respectable size for an ETF, suggesting a reasonable level of investor confidence and liquidity. The funds size is sufficient to provide diversification benefits while being manageable for the investment manager to execute its strategy effectively.

Forecasting the future performance of PFAE involves analyzing both its technical and fundamental data. Given its current trend and relatively low volatility, if the market continues to be favorable, PFAE could potentially see its price move closer to or even surpass its 52-week high. Conversely, if market conditions deteriorate, its short positions could help mitigate losses. However, a detailed analysis of market conditions, economic indicators, and the funds holdings is necessary for a more precise forecast. Assuming a continuation of the current bullish trend and stable market conditions, a potential target for PFAE could be in the range of $22.50 to $23.50, representing a 3-8% increase from its current price. This forecast is contingent upon the funds ability to maintain its current strategys effectiveness and overall positive market conditions.