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ROAM
ETF ticker: NYSE ARCA
AS OF
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Net Assets
18.9M

ROAM Hartford Multifactor Emerging Mkts ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ROAM with price predictions
08:00 PM EDT Sep 28, 2023

ROAM in -1.44% downward trend, sliding for three consecutive days on September 27, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ROAM declined for three days, in of 265 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ROAM as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ROAM turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

ROAM moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for ROAM entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROAM advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

ROAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Vale SA (NYSE:VALE), Gold Fields Ltd (NYSE:GFI).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Hartford Multifactor Emerging Markets Equity Index. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs") representing securities of the index. The index is designed to balance risks and opportunities within equity markets of emerging economies while emphasizing constituents exhibiting a favorable combination of factor characteristics.

Market Cap

The average market capitalization across the Hartford Multifactor Emerging Mkts ETF ETF is 40.37B. The market cap for tickers in the group ranges from 39.76K to 420.47B. TSM holds the highest valuation in this group at 420.47B. The lowest valued company is PGAS at 39.76K.

High and low price notable news

The average weekly price growth across all stocks in the Hartford Multifactor Emerging Mkts ETF ETF was -1%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was 5%. FSR experienced the highest price growth at 14%, while GFI experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Hartford Multifactor Emerging Mkts ETF ETF was 11%. For the same stocks of the ETF, the average monthly volume growth was 9% and the average quarterly volume growth was -13%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 58
Price Growth Rating: 58
SMR Rating: 46
Profit Risk Rating: 60
Seasonality Score: -20 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
Lattice Strategies TrustOne Embarcadero Center, 23rd FloorSan Francisco
Phone
N/A
Web
http://www.latticestrategies.com/
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ROAM and

Correlation & Price change

A.I.dvisor tells us that ROAM and EEMV have been poorly correlated (+-0% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ROAM and EEMV's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROAM
1D Price
Change %
ROAM100%
-0.00%
EEMV - ROAM
-0%
Poorly correlated
-0.11%
SCHE - ROAM
-4%
Poorly correlated
+0.17%
SPEM - ROAM
-4%
Poorly correlated
+0.12%
EEM - ROAM
-5%
Poorly correlated
+0.08%
IEMG - ROAM
-5%
Poorly correlated
+0.02%
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