(AVDE) Avantis International - Ratings and Ratios

The Avantis International Equity ETF (AVDE) is a diversified investment vehicle that targets a broad range of non-U.S. companies across various countries, sectors, and industries, without focusing on specific market capitalizations. This approach allows the fund to capture a wide array of international market opportunities, providing exposure to a broad spectrum of the global economy.

By investing at least 80% of its assets in equity securities under normal market conditions, AVDE is positioned to benefit from the growth potential of international equities. The funds ability to also invest in derivative instruments such as futures contracts, currency forwards, and swap agreements enhances its flexibility in managing risk and potentially capitalizing on market inefficiencies.

From a technical analysis perspective, AVDEs recent price action indicates a bullish trend, with the last price of $73.68 exceeding both the 20-day Simple Moving Average (SMA20) of $72.13 and the 50-day SMA of $68.70. The 200-day SMA stands at $65.31, further supporting the uptrend. The Average True Range (ATR) of 0.62, or 0.84%, suggests relatively contained volatility. Given the proximity to the 52-week high of $73.82 and the significant distance from the 52-week low of $59.29, the technical indicators suggest a strong upward momentum.

Fundamentally, AVDEs Assets Under Management (AUM) stand at $7.1 billion, indicating a substantial investor base and liquidity. This size can contribute to the funds ability to efficiently execute trades and manage its portfolio.

Forecasting the future performance of AVDE involves integrating both technical and fundamental analyses. Given the current technical uptrend and the funds diversified investment strategy, theres potential for continued growth. If the global economy continues to expand, AVDEs broad exposure to international equities could benefit. However, potential risks such as geopolitical tensions, currency fluctuations, and global economic downturns could impact performance. Assuming a stable global economic environment, a potential target for AVDE could be a price level above its current 52-week high, potentially in the range of $75 to $80, driven by continued investor demand for international equities and the funds ability to adapt to changing market conditions through its derivative instruments.