(UEVM) VictoryShares Emerging - Ratings and Ratios

The VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) is an investment vehicle designed to capture the performance of emerging markets equities with a tilt towards value and momentum factors, while maintaining a moderate portfolio turnover and lower volatility compared to traditional cap-weighted indices.

The fund achieves its objective by investing at least 80% of its assets in securities that are part of its underlying index, including depositary receipts and underlying securities. This approach allows the ETF to gain broad exposure to the emerging markets equity universe while focusing on stocks that exhibit value and momentum characteristics.

From a technical analysis perspective, the current price of UEVM is $49.51, indicating a bullish trend as it is above its 20-day, 50-day, and 200-day simple moving averages (SMA20: $47.15, SMA50: $46.75, SMA200: $46.87). The Average True Range (ATR) of 0.77, or 1.55%, suggests relatively moderate volatility. Given the current trend and the fact that the ETF is near its 52-week high ($50.99), a potential forecast could be that UEVM continues to trend upwards, potentially reaching or slightly exceeding its 52-week high in the near term, assuming the emerging markets continue to attract investment flows and the value and momentum factors remain in favor.

Fundamentally, the ETF has $194.51 million in assets under management (AUM), indicating a reasonable scale that can support liquidity and potentially keep expense ratios in check, though the actual expense ratio is not provided. The focus on value and momentum in emerging markets could be attractive in a global economic environment where growth is expected to be robust in emerging economies. As such, UEVM could be positioned for potential long-term growth, assuming the underlying index continues to effectively capture the desired factors.

Combining both technical and fundamental insights, a forecast for UEVM could be that it maintains its upward trajectory, potentially testing new highs, driven by continued investor interest in emerging markets and the specific value and momentum tilt of its underlying index. However, its crucial to monitor both the macroeconomic environment and technical indicators for any signs of reversal or increased volatility.