(CWI) SPDR MSCI ACWI ex-US - Ratings and Ratios

The SPDR MSCI ACWI ex-US ETF (CWI) is an investment vehicle that tracks the performance of large- and mid-cap equities in developed and emerging markets, excluding the United States. By investing at least 80% of its assets in the securities that comprise the underlying index, the fund provides broad exposure to international markets.

The underlying index is a free float-adjusted market capitalization index, meaning it represents the market value of the constituent securities, adjusted for the proportion of shares available for trading. This index is designed to capture the performance of a wide range of international equities, providing a comprehensive view of global markets outside the US.

From a technical analysis perspective, the current price of $32.35 is above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, SMA200) of $31.57, $30.13, and $29.05, respectively. This indicates a bullish trend. The Average True Range (ATR) of 0.28, representing a 0.87% daily price movement, suggests relatively stable price action. Given the current price is at its 52-week high, and considering the upward trend indicated by the moving averages, a potential forecast could be a continued upward trajectory, potentially testing new highs.

Fundamentally, the Assets Under Management (AUM) of $1839.95M USD indicate a substantial investor base, contributing to the ETFs liquidity. The size and liquidity of the fund can make it an attractive option for investors seeking international exposure.

Combining technical and fundamental insights, a forecast for CWI could be that it continues to rise, driven by its bullish trend and supported by its significant AUM. However, investors should monitor the ATR and overall market conditions to adjust their strategies accordingly. A potential target could be a new 52-week high, with a stop-loss around the SMA20 or SMA50 levels to manage risk.