GEM Stock Summary and Trading Ideas (Goldman Sachs Activebeta Emerging Markets Equity ETF | ARCA:GEM)

Goldman Sachs ActiveBeta Emerging Markets Equity ETF seeks to provide investment results that closely correspond to the performance of the Fund Index. The Goldman Sachs ActiveBeta Emerging Markets Equity Index ( the Index ) is designed to deliver exposure to equity securities of emerging market issuers. The Index seeks to capture common sources of active equity returns, including value (i.e., the security s price compared to market value), momentum (i.e., performance history), quality (i.e., profitability relative to total assets) and volatility (i.e., consistency of returns). The Index is reconstituted and rebalanced quarterly.

Goldman Sachs Activebeta Emerging Markets Equity ETF trades on the ARCA stock market under the symbol GEM.

As of September 10, 2024, GEM stock price declined to $32.29 with 1,821 million shares trading.

GEM has a beta of 0.73, meaning it tends to be less sensitive to market movements. GEM has a correlation of 0.52 to the broad based SPY ETF.

GEM has a market cap of $912.19 million. This is considered a Small Cap stock.

In the last 3 years, GEM stock traded as high as $39.70 and as low as $25.11.

GEM has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +24.6%. GEM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -3.0%, respectively, while the SPY returned +3.0% and -2.3%, respectively.

GEM support price is $32.10 and resistance is $32.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEM stock will trade within this expected range on the day.