(ESP0) VanEck Vectors Video Gaming - Ratings and Ratios

The VanEck Vectors Video Gaming and eSports UCITS ETF, traded as ESP0 on XETRA, is an investment vehicle that provides exposure to the global video gaming and eSports industry. This ETF is designed to track the performance of companies involved in the development, production, and distribution of video games, as well as those participating in the eSports ecosystem.

The fund is managed by VanEck, a well-established asset management firm with a history of providing innovative investment solutions. The ETFs underlying index is the Morningstar Global Tech NR USD, which comprises a diversified basket of technology stocks. However, given the ETFs specific focus on video gaming and eSports, its likely that the actual holdings are tilted towards companies that are directly involved in these sectors.

From a technical analysis perspective, the ETFs price action suggests a bullish trend. The current price of $55.30 is above both the 20-day and 50-day simple moving averages (SMA20: $51.57, SMA50: $52.79), indicating a short-term uptrend. Furthermore, the price is significantly above the 200-day simple moving average (SMA200: $48.43), suggesting a longer-term bullish trend. The average true range (ATR: 1.52) indicates a moderate level of volatility, with a daily price movement of around 2.74%.

Fundamentally, the ETF has a substantial asset base, with $553.17 million in assets under management (AUM) in EUR. This suggests a reasonable level of investor interest and liquidity. The video gaming and eSports industry is expected to continue growing, driven by increasing demand for online gaming, the rise of cloud gaming, and the expanding eSports ecosystem.

Based on the technical and fundamental data, a forecast for ESP0 could be constructed. Given the bullish trend and the growth prospects of the underlying industry, a reasonable forecast would be for the ETF to continue its upward trajectory. A potential price target could be in the range of $60-$65, representing a 8-15% upside from current levels. However, this forecast is contingent on the continued growth of the video gaming and eSports industry, as well as a favorable overall market environment.