(VCE) Vanguard FTSE Canada - Ratings and Ratios

Vanguard FTSE Canada (TO:VCE) is an exchange-traded fund (ETF) that tracks the FTSE Canada Index, providing investors with broad exposure to the Canadian equity market. As a passively managed fund, it aims to replicate the performance of its underlying index, comprising a diverse range of Canadian stocks.

The funds investment objective is to provide long-term capital appreciation by investing in a representative sample of the Canadian equity market. With a total assets under management (AUM) of approximately $2.15 billion CAD, Vanguard FTSE Canada is a sizable and liquid ETF, making it an attractive option for investors seeking to gain exposure to the Canadian market.

Analyzing the funds technical data, we observe that the current price is $58.50, with a 20-day simple moving average (SMA) of $57.83, indicating a bullish trend. The 50-day SMA and 200-day SMA are $55.59 and $54.35, respectively, further supporting the positive trend. The average true range (ATR) is $0.42, representing a daily price volatility of 0.72%. The 52-week high and low prices are $58.50 and $45.73, respectively, indicating a significant price recovery over the past year.

Combining the technical data with fundamental analysis, we can forecast the future performance of Vanguard FTSE Canada. Based on the current bullish trend and the funds underlying index composition, we expect the price to continue its upward trajectory. Assuming the Canadian equity market maintains its current momentum, we predict that VCE will reach $61.50 within the next 6-12 months, representing a potential gain of 5.1% from the current price. However, it is essential to monitor the funds performance and adjust the forecast accordingly, as market conditions and trends can change rapidly.

To validate this forecast, it is crucial to continue monitoring the funds technical indicators, such as the SMA and ATR, as well as its fundamental data, including AUM and tracking error. By combining these insights, investors can make informed decisions about their investment in Vanguard FTSE Canada.