(GSID) Goldman Sachs MarketBeta - Ratings and Ratios

The Goldman Sachs MarketBeta International Equity ETF (GSID) is an exchange-traded fund that tracks a specific index comprising large and mid-cap equity securities from developed markets outside of North America, covering around 85% of the free-float market capitalization in these regions. By investing at least 80% of its assets in securities included in its underlying index, depositary receipts, and underlying stocks, GSID provides broad exposure to international equities.

As a Foreign Large Blend ETF, GSIDs underlying index is designed to capture the performance of a diverse range of large and mid-cap companies in developed markets, excluding North America. This allows investors to gain access to a broad spectrum of international equities, potentially reducing reliance on any single market or region.

Analyzing the technical data, we observe that GSIDs last price is $61.11, indicating a bullish trend as it is above its SMA20 ($59.36), SMA50 ($58.65), and SMA200 ($56.83). The Average True Range (ATR) of 0.91 suggests a relatively stable volatility profile, with a daily price movement of approximately 1.49%. Given the current price is near its 52-week high ($61.34) and significantly above its 52-week low ($51.96), the overall trend is positive.

Considering the fundamental data, GSID has an Assets Under Management (AUM) of $831.70 million, indicating a reasonable scale for an ETF. Combining this with the technical analysis, we can forecast that GSID may continue its upward trend, potentially testing its 52-week high or beyond, driven by the momentum indicated by its SMA crossovers and the overall bullish trend in international equities. However, a pullback to its SMA20 or SMA50 could provide a buying opportunity, given the ETFs underlying index represents a broad and diversified basket of international equities.

Based on the analysis, a potential trading strategy could involve monitoring GSIDs price action around its current levels, watching for signs of continued strength or potential pullbacks to key support levels (SMA20, SMA50). If GSID breaks above its 52-week high, it could signal further upside potential, while a drop below its SMA50 might indicate a need to reevaluate the position. AUM is expected to grow as the ETF continues to attract investors seeking international equity exposure.