(FCA) First Trust China AlphaDEX - Ratings and Ratios

The First Trust China AlphaDEX® Fund (NASDAQ:FCA) is an exchange-traded fund (ETF) designed to provide exposure to Chinese equities through a quantitative, rules-based investment approach. The fund primarily invests in securities from the NASDAQ China Index, utilizing the AlphaDEX® selection methodology. This proprietary model evaluates stocks based on factors such as price appreciation, revenue growth, and other metrics to identify those with potential for positive alpha relative to traditional indices. The fund seeks to track the performance of the NASDAQ China AlphaDEX® Index, which is a modified market-capitalization weighted index designed to enhance risk-adjusted returns.

As of the latest data, the fund has an average volume of 5,242 shares over the past 20 days, indicating moderate trading activity. Its last price of $21.57 is above its short-term and long-term moving averages (SMA 20: $20.93, SMA 50: $20.26, SMA 200: $19.66), suggesting recent strength. The Average True Range (ATR) of 0.32 reflects relatively low volatility in its price movements. With assets under management (AUM) of $36.46 million, the fund is relatively small compared to other ETFs in the China region category. This smaller size may lead to higher sensitivity to market movements and potentially lower liquidity.

3-Month Forecast: Based on the technical and fundamental data, the fund is expected to maintain its upward trajectory in the near term, supported by its recent price strength relative to its moving averages. However, the low average volume and relatively small AUM may pose risks, particularly if market conditions become less favorable. Investors should also consider the broader economic and regulatory environment in China, as these factors could significantly impact the funds performance.