(IDME) International Drawdown - Ratings and Ratios

The International Drawdown Managed Equity ETF (IDME) is an actively managed ETF that employs a hybrid strategy to achieve its objective. It allocates its assets between a portfolio of ETFs that track international equities in both developed and emerging markets, and equity-linked notes (ELNs) to generate income. This approach allows the fund to balance potential growth from international equities with income generation through ELNs, making it a unique offering in the Derivative Income ETF category.

IDMEs Equity Strategy involves investing in a basket of ETFs that cover a broad spectrum of international equities. This component is designed to provide exposure to global markets, potentially capitalizing on growth opportunities in regions outside the U.S. The ELN strategy, on the other hand, is aimed at generating income, which can help stabilize returns and mitigate potential downturns in the equity component. The non-diversified nature of the fund means it may concentrate its investments, potentially leading to higher returns but also increasing the risk profile.

Analyzing the technical data, the last price of IDME is $21.42, with its SMA20, SMA50, and SMA200 at $20.90, $20.81, and $20.54, respectively, indicating a positive trend as the current price is above these averages. The ATR of 0.35 (1.64%) suggests relatively moderate volatility. Given that the 52-week high is $21.62 and the low is $18.63, the current price is near the upper end of its recent range, suggesting a strong performance over the past year.

Based on the technical and fundamental data, a forecast for IDME can be constructed. With the AUM of $280.41M USD, the fund has a significant asset base, potentially allowing for more efficient management and lower costs. The technical indicators suggest a continued positive trend, with the price above its various SMAs. If the trend continues, IDME could potentially reach or slightly exceed its 52-week high. However, the relatively high ATR indicates that there is still volatility to be considered. A forecast could be that IDME may see a price around $22.00 in the near term, assuming the current trend continues and there are no significant market downturns. This would represent a potential 2.7% increase from its current price.

Its crucial to monitor both the equity markets, particularly in developed and emerging markets, and the income generation through ELNs, as these will be key drivers of IDMEs performance. Any significant changes in global economic conditions, interest rates, or equity market volatility could impact the funds performance. Therefore, continuous analysis of both technical and fundamental data is necessary to adjust the forecast accordingly.