(VIDI) Vident International Equity - Ratings and Ratios

The Vident International Equity Fund (NYSE ARCA:VIDI) is an exchange-traded fund that primarily invests in equity securities of issuers from developed and emerging markets outside the United States, adhering to a rules-based, systematic strategy index. The funds investment objective is achieved by allocating at least 80% of its total assets to the component securities of the underlying index and depositary receipts representing these securities, excluding collateral from securities lending.

From a strategic perspective, the funds underlying index is designed to capture a broad spectrum of international equities, providing diversified exposure to global markets beyond the US. This diversification can be beneficial for investors seeking to mitigate domestic market risks and capitalize on growth opportunities in foreign markets.

Analyzing the funds recent performance using the provided , we observe that VIDIs last price is $27.56, indicating a positive trend as it is at its 52-week high. The short-term (SMA20) and medium-term (SMA50) moving averages are $26.44 and $26.14, respectively, both below the current price, suggesting an upward momentum. The long-term trend (SMA200) is $25.41, further supporting the notion of a sustained uptrend. The Average True Range (ATR) of 0.49, or 1.76%, indicates moderate volatility.

Combining the insights from and , we can infer that the fund has a substantial asset base with $335.89M USD in Assets Under Management (AUM), which can contribute to liquidity and stability. The current price being at the 52-week high, along with the upward trending moving averages, suggests a strong recent performance. However, the moderate volatility indicated by the ATR suggests that the price movements can be sensitive to market fluctuations.

Forecasting the future performance of VIDI based on the available data, we can anticipate that if the current upward trend continues, driven by favorable global market conditions and the funds diversified portfolio, VIDI could potentially test new highs. However, its crucial to monitor the ATR and overall market volatility, as a significant increase in volatility could impact the funds performance. A break below the SMA50 could signal a potential reversal in trend, warranting a closer look. Thus, for investors with a long-term perspective and a tolerance for moderate volatility, VIDI might remain a viable option for gaining exposure to international equities.