(TQGM) TD Q Global Multifactor - Ratings and Ratios

The TD Q Global Multifactor ETF (TQGM) is a Canadian exchange-traded fund that employs a multifactor investment strategy to provide diversified exposure to global equities. By leveraging various factors such as value, momentum, and quality, the fund seeks to outperform traditional market-capitalization-weighted indices.

Analyzing the funds recent performance, its evident that TQGM has demonstrated a strong upward trend, with its last price of $20.19 CAD being close to its 52-week high of $20.28. The short-term and long-term moving averages (SMA20: $19.62, SMA50: $19.51, SMA200: $18.79) indicate a bullish sentiment, as the current price is above these averages, suggesting a potential continuation of the uptrend.

With an Assets Under Management (AUM) of $131.05M CAD, TQGM has a reasonable size, allowing it to maintain liquidity and diversify its holdings. The funds multifactor approach is designed to adapt to various market conditions, potentially reducing reliance on any single factor and mitigating risks associated with factor-specific downturns.

Forecasting future performance using technical and fundamental data, we can expect TQGM to continue its upward trajectory. The Average True Range (ATR) of 0.24, representing 1.17% of the current price, indicates moderate volatility. Given the current prices proximity to its 52-week high and the bullish moving average alignment, a potential target could be a further 5-7% increase, bringing the price to around $21.20-$21.60 CAD in the near term, assuming the multifactor strategy continues to effectively navigate global equity markets.

However, its crucial to monitor the funds performance relative to its benchmark and peers, as well as overall market conditions, to adjust expectations accordingly. The interplay between technical indicators and fundamental strengths will be key to understanding TQGMs future trajectory.