(WXM) First Asset Morningstar - Ratings and Ratios
Fund, Index, Equity, ETF
Description: WXM First Asset Morningstar
The First Asset Morningstar Canada Momentum Common Class (TO:WXM) is a Canadian Equity ETF that tracks the Morningstar Canada GR CAD Index. As a momentum-focused investment vehicle, it is designed to capitalize on the upward trend of Canadian equities.
Analyzing the ETFs technical profile, we observe a current price of $36.29, indicating a strong upward momentum with the short-term Simple Moving Average (SMA20) at $35.98 and the medium-term SMA50 at $34.69, both of which are below the current price, signifying a bullish trend. The long-term SMA200 at $32.45 further reinforces this bullish outlook, as the current price is substantially above this level. The Average True Range (ATR) of 0.21, or 0.57%, suggests a moderate level of volatility.
From a fundamental perspective, the Assets Under Management (AUM) stand at $563.05M CAD, indicating a reasonable scale for the ETF. While the size is not exceptionally large, it is sufficient to provide liquidity and support the ETFs operations.
Combining technical and fundamental insights, a forecast for WXM can be derived. Given the ETFs strong technical indicators, including its position above key moving averages and its proximity to the 52-week high of $36.33, there is potential for continued upward momentum. However, the moderate ATR suggests that while there is room for growth, there may also be periods of consolidation or minor pullbacks. Assuming the Canadian equity market continues to trend positively and the Morningstar Canada GR CAD Index maintains its upward trajectory, WXM is likely to remain a viable investment option for those seeking exposure to Canadian equities with a momentum bias. Potential investors should monitor the ETFs ability to sustain its price above key support levels and be prepared for potential volatility.
Based on the analysis, a prudent forecast would be for WXM to potentially test new highs in the near term, with a possible target around $37.00, representing a 2% increase from its current price. Conversely, a decline below the SMA20 at $35.98 could signal a short-term correction, with support likely to be found around the SMA50 at $34.69.
WXM ETF Overview
Market Cap in USD | 497m |
Category | Canadian Equity |
IPO / Inception | 2012-02-13 |
WXM ETF Ratings
Growth Rating | 85.6 |
Fundamental | - |
Dividend Rating | 57.8 |
Rel. Strength | 13.6 |
Analysts | - |
Fair Price Momentum | 40.20 CAD |
Fair Price DCF | - |
WXM Dividends
Dividend Yield 12m | 1.41% |
Yield on Cost 5y | 2.63% |
Annual Growth 5y | 20.82% |
Payout Consistency | 91.3% |
Payout Ratio | % |
WXM Growth Ratios
Growth Correlation 3m | 98.5% |
Growth Correlation 12m | 88.4% |
Growth Correlation 5y | 90% |
CAGR 5y | 15.17% |
CAGR/Max DD 5y | 0.96 |
Sharpe Ratio 12m | 2.53 |
Alpha | 21.28 |
Beta | 0.717 |
Volatility | 10.70% |
Current Volume | 9.6k |
Average Volume 20d | 4.8k |
Stop Loss | 36.8 (-3.3%) |
What is the price of WXM shares?
As of August 13, 2025, the stock is trading at CAD 38.04 with a total of 9,567 shares traded.Over the past week, the price has changed by +1.66%, over one month by +3.29%, over three months by +11.35% and over the past year by +38.65%.
Is First Asset Morningstar a good stock to buy?
Yes. Based on ValueRay's Analyses, First Asset Morningstar (TO:WXM) is currently (August 2025) a good stock to buy. It has a ValueRay Growth Rating of 85.55 and therefor a clear technical positive rating according to historical growth.Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of WXM is around 40.20 CAD . This means that WXM is currently overvalued and has a potential downside of 5.68%.
Is WXM a buy, sell or hold?
First Asset Morningstar has no consensus analysts rating.What are the forecasts/targets for the WXM price?
Issuer | Target | Up/Down from current |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 44.9 | 18% |
WXM Fundamental Data Overview
Market Cap CAD = 683.8m (683.8m CAD * 1.0 CAD.CAD)
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 CAD
Beta = 0.85
Revenue TTM = 0.0 CAD
EBIT TTM = 0.0 CAD
EBITDA TTM = 0.0 CAD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 683.8m CAD (683.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 683.8m)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 683.8m / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = unknown
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT none, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(683.8m)/V(0.0) * Re(8.66%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(none)))
Discount Rate = 8.66% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)