Emerging Markets ETF Index

Emerging Markets ETF closed down by -1.26% to 53.2 on 23 January 2021 and +-1.86% on a weekly basis. Emerging Markets ETF momentum was last calculated at +100.0/100 indicating positive momentum. Emerging Markets ETF trend is +100.0/100 indicating a positive trend. Emerging Markets ETF momentum exhaustion is 2.16199 indicating Emerging Markets ETF is oversold.Emerging Markets ETF RSI is 72.7358 .

Emerging Markets ETF Index Chart

Emerging Markets ETF Index

Emerging Markets ETF Index Statistics

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

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

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Emerging Markets ETFEEM53.2112.1619972.7358-1.26-1.86-2.740.18809

Emerging Markets ETF closed at 53.2 on 23 January 2021. Emerging Markets ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Emerging Markets ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Emerging Markets ETF momentum exhaustion is 2.16199 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Emerging Markets ETF is oversold and a possible reversal is imminent. Emerging Markets ETF RSI was last calculated at 72.7358. Emerging Markets ETF moving averages were last recorded as follows: 1-month moving average: 50.88 in an uptrend , 1-quarter moving average: 48.5698 in an uptrend and 1-year moving average: 42.6863 in an uptrend. Emerging Markets ETF annual return was last recorded at None%, daily return was last recorded at -1.26%, and weekly return was last recorded at -1.86%. Emerging Markets ETF histrorical 20-day volatility was last recorded at 16.4075%, Emerging Markets ETF alpha None, Emerging Markets ETF beta None and Emerging Markets ETF maximum drawdown was recorded at None%. MacroVar models monitor Emerging Markets ETF statistics based on historical data since 1970.

Emerging Markets ETF Index News

Emerging Markets ETF Factors

Emerging Markets ETF

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
EEM/SPYEEMSPY.SPREAD0.12
EM Y/Y vs EEM Y/YEEM.FACT.EMPMI49.6956.43690.746151
ACWI Y/Y vs EEM Y/YEEM.FACT.ACWI91.1510.10264
EM Y/Y vs 10Y Y/YEMPMI.FACT.US10Y0.9350.8446-1.29642
EM Y/Y vs DXY Y/YEMPMI.FACT.DXY91.29750.099-1.40173
EM Y/Y vs US 10Y Y/YEMPMI.FACT.US10Y
EM Y/Y vs DXY Y/YEMPMI.FACT.DXY
EM Y/Y vs Global PMI Y/YEMPMI.FACT.GLOBALPMI
MSCI Emerging Markets (EEM) seasonalitySEAS.EEM
EEM Y/Y vs EMB Y/YEEM.FACT.EMB
EEM/CDX EMEEM.CDXEM0.02

Eastern Europe Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Euro Stoxx 50STOXX50E4026.610.751.1186963.5414-1.78-1.210.29-0.04339
STOXX Europe 600STOXX456.4210.751.2773765.4756-0.580.363.23-0.02743
Eurozone ETFEZU48.9111.607963.0535-1.33-2.04-0.570.06937
EUR/USD - Euro US DollarEURUSD0.850-0.75-1.5904845.52580.621.373.07-0.08429

Eastern Europe Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade8437.730184.6-0.720463-4.76515-1.01.00.01666672021-01-31
business confidence11.410.50.0857143-1.522941.01.00.3666672021-06-30
capacity utilization82.377.70.0592021-0.01789981.0-1.00.2833332021-04-01
consumer confidence-4.5-6-0.25-0.7058821.01.00.01666672021-06-30
consumer price index cpi108.38108.080.002775720.02303191.01.012021-05-31
core inflation rate1.31.20.08333330.08333331.01.00.4833332021-05-31
exports148336175327-0.153947-0.107227-1.0-1.00.08333332021-01-31
Real GDP3166.923172.09-0.00162984-0.0260336-1.0-1.00.03333332021-03-31
government budget-6.9-0.512.82.45-1.0-1.002020-01-31
government debt12078200108383000.11440.6776121.01.002020-12-31
government debt to gdp90.777.50.1703230.4796081.01.002020-12-31
imports139899145142-0.0361232-0.169211-1.0-1.00.052021-01-31
industrial production21.238.8-0.453608-2.061.01.00.152021-05-31
industrial production mom0.6-1-1.6-0.7272731.0-1.00.5666672021-03-31
long term unemployment rate2.82.70.037037-0.21.0-1.002021-03-31
Producer Price Index110.3108.80.01378680.09642151.01.012021-05-31
PPI Index9.67.60.263158-3.042551.01.00.12021-05-31
retail sales MoM4.6-3.1-2.48387-0.7444441.0-1.00.62021-05-31
retail sales yoy9.222.4-0.589286-5.181821.01.00.03333332021-05-31
unemployment rate7.37.4-0.01351350.140625-1.01.00.9333332021-03-31
youth unemployment rate17.318.2-0.04945060.0176471-1.01.00.7833332021-05-31
Central Bank Assets for Euro Area768014076576300.002939550.07602961.01.00.6333332021-06-04
Construction sector0.8-5-1.16-1.04421.01.00.4166672021-04-01
Consumer sector-9-12.1-0.256198-0.5909091.01.00.052021-04-01
Manufacturing sector9.41.17.54545-1.291021.01.00.42021-04-01
Retail sector-1.5-11-0.863636-0.9484541.01.00.32021-04-01
Services sector2.8-9.4-1.29787-1.072541.01.00.2166672021-04-01
ESI - Economic Composite109.799.90.09809810.6348731.01.012021-04-01

Emerging Markets ETF Trading Signals

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

Emerging Markets 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.

MacroVarEmerging Markets ETF momentum signal ranges from -100 to +100. The Emerging Markets ETF momentum signal is derived as the mean value from 4 calculations for the Emerging Markets 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. Emerging Markets 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. Emerging Markets ETF Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Emerging Markets ETF momentum signal moves from positive to negative value or vice-versa.

Emerging Markets ETF trend

Emerging Markets ETF trend signal ranges from -100 to +100. Emerging Markets 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. Emerging Markets ETF Closing price vs Emerging Markets ETF moving average (MA) calculation: If Emerging Markets ETF is greater than Emerging Markets ETF MA value is +1, else -1, 2. Emerging Markets ETF Moving average slope calculation: if current Emerging Markets ETF moving average is higher than the previous MA, Emerging Markets ETF upward slope +1, else -1
Emerging Markets ETF trend model can be used as a trend strength indicator. Emerging Markets ETF trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Emerging Markets ETF trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Emerging Markets ETF 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Emerging Markets ETF is in an uptrend when Emerging Markets ETF price is higher than the 52-week moving average and the Emerging Markets 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 Emerging Markets ETF oscillator and Emerging Markets ETF RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Emerging Markets ETF oscillator

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

Emerging Markets ETF oversold conditions
Emerging Markets ETF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Emerging Markets ETF is oversold it is often due for a rebound. Values of the Emerging Markets ETF oscillator lower than -2.5 signify oversold conditions. It must be noted that the Emerging Markets ETF oscillator must be analyzed ibn conjunction with the rest of Emerging Markets 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 Emerging Markets ETF RSI.
Emerging Markets ETF overbought conditions
Emerging Markets ETF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Emerging Markets ETF is overbought it is often due for a correction. Values of the Emerging Markets 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 Emerging Markets 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.

Emerging Markets 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 Emerging Markets ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Emerging Markets 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.

Emerging Markets ETF returns

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

Emerging Markets ETF returns = (Emerging Markets ETF Closing Price – Emerging Markets ETF Previous Price)/(Emerging Markets ETF Previous Price)

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