TCW Transform Systems ETF (PWRD)Large Blend | Exchange Traded Fund | NasdaqGM
102.09 USD
-3.39
(-3.210%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 103.21 +1.11 (1.089%) ⇧ (Oct. 14, 2026, 6:34 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 5:08 a.m. EDT
The TCW Transform Systems ETF is exhibiting a classic 'momentum breakout' pattern, trading well above its 50-day moving average with strong recent price action. The underlying business quality is robust, having delivered a massive +111% cumulative return over the last three years with no signs of a recent slowdown; however, the valuation is stretched with a P/E of 32.6, which is typical for a high-growth infrastructure theme but leaves little room for error. The options market confirms this bullish sentiment, with traders positioning for a continuation of the uptrend rather than a reversal. While the long-term fundamentals are solid, the combination of a high valuation multiple and a statistically flat short-term forecast suggests the asset is currently priced for perfection. Investors should view this as a high-conviction trend-following play rather than a deep-value opportunity, keeping an eye on whether the price can sustain its distance from the 200-day average. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.049953 |
| AutoTheta | 0.060087 |
| AutoARIMA | 0.067531 |
| AutoETS | 0.068975 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 2.91 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.509 |
| Excess Kurtosis | -0.81 |
| Attribute | Value |
|---|---|
| Trailing P/E | 30.43 |
As of Oct. 10, 2026, 5:08 a.m. EDT: Speculators are overwhelmingly bullish, evidenced by significant call volume and open interest at the $120 strike, while put activity is virtually non-existent. Implied volatility is elevated for near-term calls relative to puts, suggesting a skewed expectation of upside movement despite the underlying asset being a passive ETF.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.05% | 0.05% | 0.36% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.061 | 0.052034 |
| 2025-06-23 | 0.167 | 0.194209 |
| 2025-03-24 | 0.044 | 0.058965 |
| 2024-12-23 | 0.066 | 0.089820 |
| 2024-09-23 | 0.061 | 0.082757 |
| 2024-06-24 | 0.188 | 0.270115 |
| 2024-03-18 | 0.044 | 0.066410 |
| 2023-12-19 | 0.146 | 0.257850 |
| 2023-09-19 | 0.059 | 0.112086 |
| 2023-06-20 | 0.197 | 0.387803 |
| 2023-03-21 | 0.040 | 0.082610 |
| 2022-12-20 | 0.119 | 0.248938 |
| 2022-09-20 | 0.130 | 0.258840 |
| 2022-06-21 | 0.140 | 0.313438 |
| 2022-03-22 | 0.044 | 0.082884 |
| Attribute | Value |
|---|---|
| All Time High | 123.23 |
| All Time Low | 41.94 |
| Ask | 123.09 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 155,220 |
| Average Daily Volume3 Month | 90,103 |
| Average Volume | 90,103 |
| Average Volume10Days | 155,220 |
| Beta3 Year | 1.23 |
| Bid | 104.5 |
| Bid Size | 2 |
| Category | Large Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 104.73 |
| Day Low | 101.54 |
| Dividend Yield | 0.06 |
| Eps Trailing Twelve Months | 3.355102 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 107.77614 |
| Fifty Day Average Change | -5.6824417 |
| Fifty Day Average Change Percent | -0.052724488 |
| Fifty Two Week Change Percent | 5.30746 |
| Fifty Two Week High | 123.23 |
| Fifty Two Week High Change | -21.136307 |
| Fifty Two Week High Change Percent | -0.17151916 |
| Fifty Two Week Low | 90.58 |
| Fifty Two Week Low Change | 11.513695 |
| Fifty Two Week Low Change Percent | 0.12711078 |
| Fifty Two Week Range | 90.58 - 123.23 |
| First Trade Date Milliseconds | 1,643,898,600,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -3.4800034 |
| Fullday Change Percent | -3.2920284 |
| Fullday Price | 102.0937 |
| Fund Family | TCW |
| Fund Inception Date | 1,643,760,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-06-27 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange-traded fund (“ETF”) that seeks to invest in companies that the Adviser believes will benefit from global transformation in the systems supporting how energy and power are sourced, produced, and consumed. It is an actively managed exchange-traded fund (“ETF”) that seeks to invest in companies that the Adviser believes will benefit from global transformation in the systems supporting how energy and power are sourced, produced, and consumed. It is non-diversified. |
| Long Name | TCW Transform Systems ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_713673640 |
| Nav Price | 105.29155 |
| Net Assets | 1,471,997,310.0 |
| Net Expense Ratio | 0.75 |
| Open | 104.73 |
| Phone | (212) 756-2000 |
| Post Market Change | 1.1119003 |
| Post Market Change Percent | 1.089098 |
| Post Market Price | 103.2056 |
| Post Market Time | 1,792,017,260 |
| Previous Close | 105.48 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -3.3863068 |
| Regular Market Change Percent | -3.2103782 |
| Regular Market Day High | 104.73 |
| Regular Market Day Low | 101.54 |
| Regular Market Day Range | 101.54 - 104.73 |
| Regular Market Open | 104.73 |
| Regular Market Previous Close | 105.48 |
| Regular Market Price | 102.0937 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 83,374 |
| Short Name | TCW Transform Systems ETF |
| Source Interval | 15 |
| Symbol | PWRD |
| Three Year Average Return | 0.2759382 |
| Total Assets | 1,471,997,312 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 30.429386 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -14.33195 |
| Trailing Three Month Returns | -14.33195 |
| Triggerable | 1 |
| Two Hundred Day Average | 107.398506 |
| Two Hundred Day Average Change | -5.3048096 |
| Two Hundred Day Average Change Percent | -0.0493937 |
| Type Disp | ETF |
| Volume | 83,374 |
| Yield | 0.00059999997 |
| Ytd Return | 9.62703 |