Goldman Sachs Expects +12% Returns From Emerging Market Equities in 2019
An analysis by Goldman Sachs forecasts emerging market stocks to produce double-digit returns in 2019, after this year’s stormy patch.
The report says that developing-nation shares will probably return 12% in dollar terms next year, amidst the U.S. economy's potential expansion through 2020 and China’s fiscal stimulus. Asian stocks will outpace Latin American equities in 2019, according to the analysis.
The study expects South African rand, Colombian peso and Mexican peso to appreciate, while taking a cautious stance on the Argentine peso and the Turkish lira.
It sees value in higher-rated sovereign bonds in the Middle East and Asia.
Momentum Indicator for EEM turns positive, indicating new upward trend
EEM saw its Momentum Indicator move above the 0 level on June 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for EEM just turned positive on June 02, 2023. Looking at past instances where EEM's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
EEM moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EEM advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
EEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for EEM crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| THY | 21.81 | -0.06 | -0.29% |
| Toews Agility Dynamic Tactical Inc ETF | |||
| DFAE | 23.37 | -0.07 | -0.30% |
| Dimensional Emerging Core Equity Mkt ETF | |||
| AVIG | 41.08 | -0.27 | -0.64% |
| Avantis® Core Fixed Income ETF | |||
| MINV | 23.67 | -0.23 | -0.95% |
| Matthews Asia Innovators Active ETF | |||
| SATO | 7.26 | -0.24 | -3.20% |
| Invesco Alerian Galaxy Crypto Eco ETF | |||
EEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, EEM has been closely correlated with IEMG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if EEM jumps, then IEMG could also see price increases.
| Ticker / NAME | Correlation To EEM | 1D Price Change % | ||
|---|---|---|---|---|
| EEM | 100% | -0.43% | ||
| IEMG - EEM | 100% Closely correlated | -0.42% | ||
| ESGE - EEM | 99% Closely correlated | -0.17% | ||
| SCHE - EEM | 99% Closely correlated | -0.33% | ||
| XSOE - EEM | 99% Closely correlated | -0.39% | ||
| VWO - EEM | 99% Closely correlated | -0.22% | ||
More | ||||
