(UIVM) VictoryShares International - Ratings and Ratios

The VictoryShares International Value Momentum ETF (NASDAQ:UIVM) is an exchange-traded fund that tracks a specific index, investing at least 80% of its assets in securities that are part of this index, including depositary receipts. The underlying index is designed to capture the performance of non-U.S. developed equity markets with a tilt towards value and momentum factors, aiming to balance factor exposure with moderate turnover and lower volatility compared to traditional cap-weighted indices.

As a Foreign Large Value ETF, UIVM offers investors a diversified portfolio with a value-oriented strategy, targeting established companies in developed markets outside the U.S. The funds investment approach is systematic, relying on the indexs methodology to select securities that fit its criteria, which includes a focus on value and momentum. This strategy is based on the premise that companies with strong value and momentum characteristics are more likely to outperform the broader market.

Analyzing the technical data, UIVMs price action indicates a positive trend, with the last price of $56.85 being above both its 20-day and 50-day simple moving averages (SMA20: $56.05, SMA50: $53.16). The 200-day moving average stands at $48.90, further confirming the upward trend. The Average True Range (ATR) of 0.39, or 0.69%, suggests relatively low volatility. Given the proximity to its 52-week high of $57.20 and the overall trend, its plausible that UIVM could continue its upward trajectory, potentially testing resistance near its 52-week high.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $260.10 million. While not exceptionally large, the AUM indicates a stable presence for the ETF. The funds strategy, focusing on value and momentum in non-U.S. developed markets, could benefit from global market trends favoring these factors. If the global economy continues to recover and value/momentum factors remain in favor, UIVM is well-positioned to potentially outperform broader international equity indices.

Forecasting UIVMs performance involves integrating both technical and fundamental insights. Given the current trend and assuming the value and momentum factors continue to drive market performance, UIVM could see its price appreciate further, potentially reaching or slightly exceeding its 52-week high of $57.20 in the near term. However, its crucial to monitor global economic trends, factor performance, and any shifts in market sentiment that could impact the funds underlying index and, by extension, its price. A break below the SMA20 could signal a potential reversal, warranting a closer look at the funds holdings and the overall market conditions.