(GEM) Goldman Sachs ActiveBeta - Ratings and Ratios

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is designed to provide investors with broad exposure to equity securities of emerging market issuers, aiming to capture the growth potential of these dynamic economies. By investing at least 80% of its assets in securities included in its underlying index, depositary receipts, and underlying stocks, the fund offers a diversified portfolio that mirrors the performance of its benchmark.

To gain a deeper understanding of GEMs investment strategy, its essential to analyze its underlying index. Although the specific index is not mentioned, its likely a widely recognized benchmark for emerging markets, such as the MSCI Emerging Markets Index. The funds focus on emerging market issuers makes it an attractive option for investors seeking to tap into the growth potential of countries like China, India, and Brazil.

Examining the , we can observe that GEMs price has been trending upward, with its short-term and long-term moving averages indicating a positive momentum. The stock is currently trading above its 50-day and 200-day moving averages, suggesting a bullish trend. The Average True Range (ATR) of 0.37, equivalent to 1.03%, indicates relatively moderate volatility. To forecast future performance, we can combine the technical data with fundamental insights. With an AUM of $968.08 million, GEM has a substantial asset base, which can contribute to its liquidity and stability.

By analyzing the interplay between GEMs technical and fundamental data, we can make an informed forecast. Given the current price of $35.75, SMA20 at $35.68, and SMA50 at $34.36, we can expect the ETF to continue its upward trend, potentially reaching the 52-week high of $36.56 in the near term. However, its crucial to monitor the funds performance in relation to its underlying index and overall market conditions to adjust our forecast accordingly. A potential target price could be around $37.50, representing a 5% increase from the current price, assuming the emerging markets continue to grow and the fund maintains its diversified portfolio.