(XDNE) db x-trackers JPX-Nikkei - Ratings and Ratios

The DB X-trackers JPX-Nikkei 400 UCITS DR 3C (Ticker: XDNE) is a Germany-domiciled ETF listed on XETRA, designed to provide exposure to the JPX-Nikkei 400 Index. The fund offers a diversified portfolio of 400 Japanese companies, selected based on liquidity and profitability. It is part of the Other Equity ETF category, targeting investors seeking equity exposure in Japan with a focus on large-cap and mid-cap companies.

From a technical standpoint, XDNE exhibits moderate trading activity, with an average 20-day volume of 1,684 shares. The last price of 27.88 EUR shows a slight discount to its short-term moving averages, as the SMA 20 (28.77) and SMA 50 (28.88) are marginally higher than the current price. The SMA 200 (28.36) indicates a neutral long-term trend. The ATR of 0.34 reflects low volatility, suggesting stable price movements over the past 20 days.

Fundamentally, the ETF manages assets under management (AUM) of 5.49 million EUR, which is relatively modest compared to larger ETFs in the same category. This smaller AUM may result in lower liquidity and potentially higher spreads but could also allow for more agile performance tracking of the underlying index.

3-Month Forecast: Based on the technical and fundamental data, XDNE is expected to trade in a narrow range near its current price levels. The SMA 20 crossing above the SMA 50 suggests short-term bullish momentum, while the SMA 200 remains slightly below the current price, indicating a neutral to slightly bullish long-term outlook. The low ATR of 0.34 suggests that price fluctuations will remain subdued, with potential resistance at 29.00 EUR and support at 27.50 EUR. The modest AUM may limit sharp price movements, but tracking error could remain low due to the funds structure and liquidity profile.