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ENOR - ETF AI Analysis
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iShares MSCI Norway ETF (ENOR)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and over the last few months, indicating positive recent momentum.
Broad Sector Diversification
Holdings are spread across many sectors such as materials, technology, industrials, consumer cyclical, and energy, which helps reduce the impact of weakness in any single industry.
Leading Holding With Solid Gains
The largest position, Jindal Saw Limited, has delivered strong year-to-date performance, providing a helpful boost to the fund.
Negative Factors
High Country Concentration
The ETF is fully concentrated in India, so its performance is heavily tied to the economic and market conditions of a single country.
Several Weak Top Holdings
Multiple major positions, including Deepak Nitrite, Hexaware Technologies, and others, have shown weak or negative performance this year, which can drag on overall returns.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the investment return is used to cover fees.
ENOR vs. SPDR S&P 500 ETF (SPY)
AUM62.05M
RegionEurope
Expense Ratio0.53%
Beta0.63
IssueriShares
Inception DateJan 23, 2012
Dividend Yield2.46%
Asset ClassEquity
Index TrackedMSCI Norway IMI 25/50 Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume40,185
30 Day Avg. Volume18,925
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ENOR Summary
The iShares MSCI Norway ETF (ENOR) is built to follow the MSCI Norway IMI 25/50 Index, giving you broad exposure to Norwegian stocks in one investment. It holds companies across many sectors, with a tilt toward materials, technology, and industrial firms. Well-known names in similar markets include industrial leaders like SKF and tech-focused firms such as Hexaware Technologies. An investor might choose ENOR to diversify a portfolio with international stocks and tap into Norway’s resource-rich and industrial economy. As with any stock ETF, its value can go up and down with the market.
How much will it cost me?This ETF has an expense ratio of 0.53%, which means you’ll pay about $5.30 per year for every $1,000 you invest. That’s higher than the average low-cost index ETF because it targets a smaller, specialized market (Norway), which typically costs more to manage than broad, very large index funds.
What would affect this ETF?This Norway-focused ETF could benefit if the country’s materials, technology, and industrial companies grow with stronger European and global economic conditions, higher demand for commodities, and continued investment in innovation and infrastructure. On the downside, it may be hurt by weaker European growth, falling commodity prices, changes in energy or environmental regulations, or company-specific problems in its largest holdings, which are concentrated in a few names and sectors.
ENOR Top 10 Holdings
ENOR’s story right now is all about a handful of Indian names doing the heavy lifting in what’s supposed to be a Norway-focused fund. Jindal Saw is one of the main engines, rising steadily and giving the ETF a solid boost, while Sansera Engineering has been on a strong upswing and adds extra momentum. On the flip side, Hexaware Technologies has been sliding hard, and Redtape isn’t helping either, both acting like a brake on returns. Overall, the fund is heavily concentrated in India-linked industrials, chemicals, and tech rather than a broad, balanced global mix.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Jindal Saw Limited | 12.70% | $7.19M | ₹118.28B | -23.80% | 68 Neutral | |
| Deepak Nitrite Limited | 10.72% | $6.07M | ₹215.63B | -14.62% | 52 Neutral | |
| Hexaware Technologies Limited | 7.93% | $4.49M | ₹289.41B | -42.33% | 74 Outperform | |
| SKF India (Industrial) Ltd. | 5.83% | $3.30M | ― | ― | ― | |
| Greenlam Industries Ltd | 4.95% | $2.80M | ₹60.93B | 7.46% | 58 Neutral | |
| Redtape Limited | 4.53% | $2.56M | ₹65.15B | -14.44% | 58 Neutral | |
| Sansera Engineering Limited | 4.29% | $2.43M | ₹145.72B | 105.66% | 67 Neutral | |
| Kaynes Technology India Ltd. | 4.17% | $2.36M | ₹258.28B | -9.71% | 57 Neutral | |
| Archean Chemical Industries Ltd. | 3.66% | $2.07M | ₹71.07B | 14.86% | 58 Neutral | |
| ACME Solar Holdings Ltd. | 3.55% | $2.01M | ₹143.10B | 25.98% | 59 Neutral |
ENOR Technical Analysis
Positive
―
Price Trends
31.21
Positive
29.40
Positive
28.52
Positive
Market Momentum
1.00
Positive
68.46
Neutral
87.64
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ENOR, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 33.47, equal to the 50-day MA of 31.21, and equal to the 200-day MA of 28.52, indicating a bullish trend. The MACD of 1.00 indicates Positive momentum. The RSI at 68.46 is Neutral, neither overbought nor oversold. The STOCH value of 87.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENOR.
ENOR Peer Comparison
Comparison Results
Performance Comparison
ENOR
iShares MSCI Norway ETF
34.54
11.04
46.98%
FLSW
Franklin FTSE Switzerland ETF
―
―
―
EUDG
WisdomTree Europe Quality Dividend Growth Fund
―
―
―
DBEZ
Xtrackers MSCI Eurozone Hedged Equity ETF
―
―
―
FLEU
Franklin FTSE Eurozone ETF
―
―
―
FLGR
Franklin FTSE Germany ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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