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 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.
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 related Indicators
|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
|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|
|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|
|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 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|
|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 growth annual||7.9||18.3||-0.568306||0.144928||1.0||1.0||0.85||2021-04-01|
|government debt to gdp||66.8||57.1||0.169877||1.47407||1.0||1.0||0||2020-01-31|
|industrial production mom||0.56||0.52||0.0769231||-0.565891||-1.0||-1.0||0.15||2021-06-30|
|loans to private sector||36700||19200||0.911458||0.0582163||1.0||1.0||0.366667||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|
|retail sales MoM||0.7||0.81||-0.135802||-0.333333||-1.0||-1.0||0.166667||2021-06-30|
|reverse repo rate||2.2||2.2||0||-0.137255||-1.0||-1.0||0.175||2020-04-30|
|total vehicle sales||2020000||2132800||-0.0528882||-0.121625||-1.0||-1.0||0.166667||2021-06-30|
|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 MomentumMomentum 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 trendChina 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 oscillatorThe 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 indicatorThe 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 returnsMacroVar 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)