RISKY BUY
Momentum breaks every rule of efficient markets, but it is a phenomenon. High returns means higher risk. The stocks that have trended up the most are the most likely to give back their gains if there's a sudden market reversal. Wonderful factor, but has a tendency to fall out of bed. One to grab as we're coming out of a bottom, which may have already happened. Not the mirror image of the value fund FXM.
E.T.F.'s

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COMMENT

Has owned this off and on for some time. It allows you to own 30 names in the Canadian space that are exhibiting price momentum. It looks at names that are not only doing well on an earnings surprise level, but the price is also moving in the right direction. They rebalance it to kick names out to make room for names that are replacing them. As a warning, if this had existed in 2008, you probably would have been down 40%.

E.T.F.'s
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First Asset MorningStar Canada Momentum Index(WXM-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for First Asset MorningStar Canada Momentum Index is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Asset MorningStar Canada Momentum Index(WXM-T) Frequently Asked Questions

What is First Asset MorningStar Canada Momentum Index stock symbol?

First Asset MorningStar Canada Momentum Index is a Canadian stock, trading under the symbol WXM-T on the Toronto Stock Exchange (WXM-CT). It is usually referred to as TSX:WXM or WXM-T

Is First Asset MorningStar Canada Momentum Index a buy or a sell?

In the last year, 1 stock analyst published opinions about WXM-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Asset MorningStar Canada Momentum Index.

Is First Asset MorningStar Canada Momentum Index a good investment or a top pick?

First Asset MorningStar Canada Momentum Index was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for First Asset MorningStar Canada Momentum Index.

Why is First Asset MorningStar Canada Momentum Index stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is First Asset MorningStar Canada Momentum Index worth watching?

1 stock analyst on Stockchase covered First Asset MorningStar Canada Momentum Index In the last year. It is a trending stock that is worth watching.

What is First Asset MorningStar Canada Momentum Index stock price?

On 2022-12-05, First Asset MorningStar Canada Momentum Index (WXM-T) stock closed at a price of $24.87.