China ETF FXI

China ETF closed down by -1.33% to 43.72 on 23 January 2021 and +-3.23% on a weekly basis. China ETF momentum was last calculated at +100.0/100 indicating positive momentum. China ETF trend is +100.0/100 indicating a positive trend. China ETF momentum exhaustion is 1.71797 indicating China ETF is oversold.China ETF RSI is 62.6053 .

China ETF FXI Chart

China ETF FXI

China ETF FXI Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the China ETF. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the China ETF trading signals presented in the China ETF statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
China ETF FXI 43.72 1 1 1.71797 62.6053 -1.33 -3.23 -6.72 0.07797

China ETF closed at 43.72 on 23 January 2021. China ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. China ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. China ETF momentum exhaustion is 1.71797 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating China ETF is oversold and a possible reversal is imminent. China ETF RSI was last calculated at 62.6053. China ETF moving averages were last recorded as follows: 1-month moving average: 45.9045 in an uptrend , 1-quarter moving average: 45.9987 in an uptrend and 1-year moving average: 42.12 in an uptrend. China ETF annual return was last recorded at None%, daily return was last recorded at -1.33%, and weekly return was last recorded at -3.23%. China ETF histrorical 20-day volatility was last recorded at 17.9067%, China ETF alpha None, China ETF beta None and China ETF maximum drawdown was recorded at None%. MacroVar models monitor China ETF statistics based on historical data since 1970.

China ETF FXI News

China ETF Factors

China ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
China PMI vs ETF CN.FACT.ETFPMI 47.48 53.1986 0.789699

China ETF related Indicators

China ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Shanghai Composite Stock Index SSEC 3562.66 1 1 1.64904 66.1356 0.97 -0.1 2.82 0.16105
China PMI vs ETF ETF vs PMI Factor CN.FACT.ETFPMI 47.48

China Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Shanghai Composite SSEC 3562.66 1 1 1.64904 66.1356 0.97 -0.1 2.82 0.16105
China ETF FXI 43.72 1 1 1.71797 62.6053 -1.33 -3.23 -6.72 0.07797
Chinese Yuan US Dollar (CNY/USD) CNHUSD 6.46 -0.5 -1 -1.99133 37.2081 0.02 -0.28 -0.24 -0.05619
China 5-Year Bond Yield CN.5Y 2.75 -1 -0.25 0.68225 29.772 -0.9 -6.75 -8.46 0.04504
China 2-year bond yield CN.2Y 2.48 -1 -0.25 0.728 27.7591 -1.31 -9.98 -10.4 0.03111
China Yield Curve CN.YC 0.46 1 0.5 -0.46123 67.3871 4.07 22.67 4.55 0.00688
China Credit Default Swaps CDS.China 38.25 -1 -1 -1.41448 40.9453 2.68 5.52 -4.38 -0.16463
Export-Import Bank of China Credit Default Swaps CDS.Export-Import-Bank-of-China 35 -1 -1 -1.37529 43.9717 0 4.48 -6.67 -0.14119

China Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 515.3 455.4 0.131533 0.150377 1.0 1.0 0.7 2021-06-30
bank lending rate 2.95 2.95 0 -0.106061 -1.0 -1.0 0 2020-05-30
banks balance sheet 2120 1500 0.413333 0.171271 1.0 1.0 0.7 2021-06-30
business confidence 50.9 51 -0.00196078 0 -1.0 -1.0 0.391667 2021-06-30
capacity utilization 78.4 77.2 0.015544 0.0208333 1.0 1.0 0 2021-06-01
capital flows -751 -418.979 0.792453 -2.0353 -1.0 -1.0 0.116667 2021-01-01
car registrations 1569000 1646040 -0.0468032 -0.110544 -1.0 -1.0 0.2 2021-06-30
cash reserve ratio 12.5 12.5 0 -0.0740741 -1.0 -1.0 0.575 2020-07-30
central bank balance sheet 382315 382773 -0.00119653 0.0609605 1.0 1.0 0.933333 2021-04-30
composite pmi 50.6 53.8 -0.0594796 -0.0915619 -1.0 -1.0 0.0666667 2021-06-30
consumer confidence 121.8 121.5 0.00246914 0.0518135 1.0 1.0 0.7 2021-05-31
consumer price index cpi 100.2 100.6 -0.00397614 -0.0923913 -1.0 -1.0 0.0833333 2021-06-30
core inflation rate 0.9 0.7 0.285714 -0.181818 1.0 -1.0 0.391667 2021-05-31
current account 751 1237.65 -0.393205 -2.86283 1.0 1.0 0.0333333 2021-01-01
current account to gdp 1.9 0.8 1.375 -0.795699 -1.0 -1.0 0 2020-01-31
deposit interest rate 0.35 0.35 0 0 -1.0 -1.0 0.508333 2021-02-28
exports 2814.2 2639.22 0.0662999 0.322158 1.0 1.0 0.95 2021-06-30
external debt 24007.9 20573 0.166962 5.15335 1.0 1.0 0 2019-02-28
fiscal expenditure 17157 17693 -0.0302945 -0.0630734 -1.0 -1.0 0.183333 2021-05-31
foreign direct investment 909.6 753 0.207968 0.339025 1.0 1.0 0.933333 2021-06-30
foreign exchange reserves 3214000 3220000 -0.00186335 0.0326668 1.0 1.0 0.866667 2021-06-30
gdp 14722.7 14342.9 0.02648 2.20455 1.0 1.0 0 2020-01-31
Real GDP 532167 249310 1.13456 0.249224 -1.0 1.0 0.1 2021-06-30
gdp growth 1.3 0.4 2.25 -0.1875 -1.0 -1.0 0 2021-04-01
gdp growth annual 7.9 18.3 -0.568306 0.144928 1.0 1.0 0.85 2021-04-01
gold reserves 1948.31 1948.31 0 0.057393 1.0 1.0 0.55 2020-08-01
government budget -3.7 -2.8 0.321429 8.02439 -1.0 -1.0 0 2020-01-31
Government budget -178.3 4.2 -43.4524 0.0258918 1.0 -1.0 0.5 2021-05-31
government debt to gdp 66.8 57.1 0.169877 1.47407 1.0 1.0 0 2020-01-31
government revenues 18446 20893 -0.117121 0.142238 1.0 1.0 0.833333 2021-05-31
housing index 4.7 4.9 -0.0408163 -0.0408163 1.0 -1.0 0.6 2021-06-30
imports 2298.9 2183.83 0.0526918 0.367945 1.0 1.0 0.916667 2021-06-30
industrial production 8.3 8.8 -0.0568182 0.729167 -1.0 1.0 0.966667 2021-06-30
industrial production mom 0.56 0.52 0.0769231 -0.565891 -1.0 -1.0 0.15 2021-06-30
inflation cpi 1.1 1.3 -0.153846 -0.56 1.0 -1.0 0.166667 2021-06-30
interbank rate 3.47 3.46 0.00289017 0.0579268 1.0 1.0 0.708333 2021-05-03
interest rate 3.85 3.85 0 -0.0941176 -1.0 -1.0 0.025 2020-05-20
loan growth 12.3 12.2 0.00819672 -0.0681818 -1.0 -1.0 0.283333 2021-06-30
loans to private sector 36700 19200 0.911458 0.0582163 1.0 1.0 0.366667 2021-06-30
manufacturing pmi 51.3 52 -0.0134615 0.00195312 -1.0 1.0 0.383333 2021-06-30
money supply m0 8430 8420 0.00118765 0.0609192 1.0 1.0 0.55 2021-06-30
money supply m1 63750 61680 0.0335603 0.0549082 1.0 1.0 0.383333 2021-06-30
money supply m2 231780 227500 0.0188132 0.085646 1.0 1.0 0.266667 2021-06-30
non manufacturing pmi 53.5 55.2 -0.0307971 -0.0165441 -1.0 -1.0 0.15 2021-06-30
Producer Price Index 107.4 105.7 0.0160833 0.0248092 1.0 1.0 0 2021-05-31
PPI Index 8.8 9 -0.0222222 -3.93333 1.0 1.0 0.158333 2021-06-30
retail sales MoM 0.7 0.81 -0.135802 -0.333333 -1.0 -1.0 0.166667 2021-06-30
retail sales 12.1 12.4 -0.0241935 -7.72222 -1.0 1.0 0.0166667 2021-06-30
reverse repo rate 2.2 2.2 0 -0.137255 -1.0 -1.0 0.175 2020-04-30
services pmi 50.3 55.1 -0.0871143 -0.138699 -1.0 -1.0 0.0666667 2021-06-30
total vehicle sales 2020000 2132800 -0.0528882 -0.121625 -1.0 -1.0 0.166667 2021-06-30
unemployment rate 5 5.1 -0.0196078 -0.152542 -1.0 -1.0 0.0166667 2021-05-31
China Leading Economic Conference Board Index 160.6 158.7 0.0119723 0.0565789 1.0 1.0 0.516667 2020-11-01
LEI - Consumer Expectation Index 126.7 126.7 0 0.0620285 1.0 1.0 0.766667 2021-04-01
LEI - New Export Orders 50 50.6 -0.0118577 0.48368 1.0 1.0 0.983333 2021-04-01

China ETF Trading Signals


MacroVar estimates the following signals: China ETF momentum, China ETF trend, China ETF oscillator, China ETF RSI and China ETF returns.

China ETF Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarChina ETF momentum signal ranges from -100 to +100. The China ETF momentum signal is derived as the mean value from 4 calculations for the China ETF. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. China ETF return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. China ETF FXI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when China ETF momentum signal moves from positive to negative value or vice-versa.

China ETF trend

China ETF trend signal ranges from -100 to +100. China ETF trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. China ETF Closing price vs China ETF moving average (MA) calculation: If China ETF is greater than China ETF MA value is +1, else -1, 2. China ETF Moving average slope calculation: if current China ETF moving average is higher than the previous MA, China ETF upward slope +1, else -1
China ETF trend model can be used as a trend strength indicator. China ETF trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when China ETF trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The China ETF 52-week simple moving average and its slope are the most important indicators defining a market’s trend. China ETF is in an uptrend when China ETF price is higher than the 52-week moving average and the China ETF 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the China ETF oscillator and China ETF RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

China ETF oscillator

The China ETF oscillator estimated by MacroVar is the z-score of the current China ETF price versus China ETF 1-year simple moving average price. The formula for the China ETF oscillator is:
China ETF oscillator = (Current Price – 250 trading days China ETF simple moving average price) / (250 days China ETF price standard deviation)

China ETF oversold conditions
China ETF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the China ETF is oversold it is often due for a rebound. Values of the China ETF oscillator lower than -2.5 signify oversold conditions. It must be noted that the China ETF oscillator must be analyzed ibn conjunction with the rest of China ETF quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the China ETF RSI.
China ETF overbought conditions
China ETF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the China ETF is overbought it is often due for a correction. Values of the China ETF oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the China ETF quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

China ETF RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when China ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During China ETF uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

China ETF returns

MacroVar calculates China ETF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

China ETF returns = (China ETF Closing Price – China ETF Previous Price)/(China ETF Previous Price)
Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!