Peek Under The Hood: QMJ Has 10% Upside
October 27, 2020 at 08:29 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Direxion S&P 500— High minus Low Quality ETF ETF (QMJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $58.98 per unit.