Hong Kong ETF EWH

Hong Kong ETF closed up by 0.56% to 26.79 on 23 January 2021 and +0.75% on a weekly basis. Hong Kong ETF momentum was last calculated at +100.0/100 indicating positive momentum. Hong Kong ETF trend is +100.0/100 indicating a positive trend. Hong Kong ETF momentum exhaustion is 2.22075 indicating Hong Kong ETF is oversold.Hong Kong ETF RSI is 71.7466 .

Hong Kong ETF EWH Chart

Hong Kong ETF EWH

Hong Kong ETF EWH Statistics

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

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

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Hong Kong ETFEWH26.79112.2207571.74660.560.75-2.690.03651

Hong Kong ETF closed at 26.79 on 23 January 2021. Hong Kong ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Hong Kong ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Hong Kong ETF momentum exhaustion is 2.22075 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Hong Kong ETF is oversold and a possible reversal is imminent. Hong Kong ETF RSI was last calculated at 71.7466. Hong Kong ETF moving averages were last recorded as follows: 1-month moving average: 24.2705 in an uptrend , 1-quarter moving average: 23.4832 in an uptrend and 1-year moving average: 22.319 in an uptrend. Hong Kong ETF annual return was last recorded at None%, daily return was last recorded at 0.56%, and weekly return was last recorded at 0.75%. Hong Kong ETF histrorical 20-day volatility was last recorded at 16.3092%, Hong Kong ETF alpha None, Hong Kong ETF beta None and Hong Kong ETF maximum drawdown was recorded at None%. MacroVar models monitor Hong Kong ETF statistics based on historical data since 1970.

Hong Kong ETF EWH News

Hong Kong ETF Factors

Hong Kong ETF

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Hong Kong PMI vs ETFHK.FACT.ETFPMI21.7445.9748-3.44667

Hong Kong ETF related Indicators

Hong Kong ETF

SecurityTypeSymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Hang SengStock IndexHSI27224.610.751.2231765.8478-2.03-3.83-6.38-0.0242
Hong Kong PMI vs ETFETF vs PMI FactorHK.FACT.ETFPMI21.74

Hong Kong Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Hang SengHSI27224.610.751.2231765.8478-2.03-3.83-6.38-0.0242
Hong Kong ETFEWH26.79112.2207571.74660.560.75-2.690.03651
Hong Kong Dollar US Dollar (HKD/USD)HKDUSD 7.770.50.5-0.200353.31640.040.060.09-0.00229
Hong Kong 5-Year Bond YieldHK.5Y0.5200-0.4899448.6711-24.96-35.56-21.09-0.80318
Hong Kong 2-year bond yieldHK.2Y0.1-1-1-0.8038642.0983-1.96-46.52-32.89-0.92957
Hong Kong Yield CurveHK.YC0.810.50.751.584153.3256-18.92-20.67-21.28-32.2667
Hong Kong Credit Default SwapsCDS.Hong-Kong31.5-1-0.5-0.930864.17468012.1-4.830.01683

Hong Kong Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade-25464-31776-0.198640.8546251.0-1.00.9666672021-05-31
bank lending rate550-0.0253411-1.0-1.00.03333332020-01-31
banks balance sheet26201800257082000.01920010.04872221.01.00.42021-05-31
business confidence6-17-1.35294-0.251.0-1.002021-07-01
capital flows-89259-627810.4217521.00258-1.0-1.00.8666672021-01-01
car registrations362130910.1714660.2751.01.00.92021-05-31
consumer confidence65.762.40.0528846-0.243088-1.0-1.002021-04-01
consumer price index cpi112.3112.4-0.000889680.01080111.01.00.2166672021-05-31
current account59841311810.9191494.196341.01.00.952021-01-01
current account to gdp6.660.1-0.561.0-1.002020-01-31
deposit interest rate0.140.042.5-0.9416671.0-1.002019-01-01
exports3938143848740.02322840.2399291.01.00.9333332021-05-31
external debt1380960013824400-0.001070570.08093551.01.00.06666672021-01-01
fiscal expenditure163890172001-0.04715670.6600661.01.00.9166672021-01-01
foreign direct investment16180.915665.10.03292671.245961.01.002021-01-31
foreign exchange reserves491600494500-0.005864510.1024891.01.00.7166672021-06-30
gdp346.59366.03-0.05311040.5805821.01.002020-01-31
Real GDP697474701783-0.006140070.004091381.01.00.08333332021-03-31
gdp growth5.40.59.82.61.01.00.9583332021-01-01
gdp growth annual7.9-2.8-3.821430.7555561.01.00.9166672021-01-01
gold reserves2.082.1-0.009523810-1.0-1.00.4416672020-07-01
government budget-12-1.38.23077-121-1.0-1.002020-01-31
Government budget84825270830.32390.9771811.01.00.8333332021-01-01
government debt to gdp38.4370.03783780.2598431.01.002016-01-31
government revenues2487151747090.4235960.7561271.01.00.9333332021-01-01
housing index179.33177.490.01036680.04061971.01.00.5833332021-04-30
imports4192784166500.006307450.2653971.01.00.9833332021-05-31
industrial production2.6-6.1-1.426231.363641.01.00.9166672021-01-01
inflation cpi10.80.25-0.3333331.0-1.00.3833332021-05-31
interbank rate0.170.170-0.26087-1.0-1.00.1083332021-06-02
interest rate0.860.860-0.687273-1.0-1.00.0252020-04-15
loans to private sector10812000107684000.004048880.00883618-1.01.00.08333332021-05-31
manufacturing pmi51.452.5-0.02095240.03629031.01.00.6333332021-06-30
money supply m05576405558160.003281660.07635681.01.00.352021-05-31
money supply m1348144033065600.05288880.295747-1.01.00.852021-05-31
money supply m215933500157703000.01034860.07112371.01.00.5833332021-05-31
money supply m315972200158078000.01039990.07090321.01.00.5833332021-05-31
Producer Price Index111.3109.90.01273890.03727871.01.00.32021-01-01
PPI Index1.72.9-0.413793-0.552632-1.0-1.00.5666672021-01-01
retail sales MoM9-2.6-4.46154-0.2741941.0-1.00.5666672021-05-31
retail sales7.811-0.290909-1.229411.01.00.4333332021-05-31
unemployment rate5.56-0.0833333-0.112903-1.0-1.00.1333332021-06-30
youth unemployment rate8.69.2-0.0652174-0.0752688-1.0-1.00.1666672021-05-31

Hong Kong ETF Trading Signals


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

Hong Kong 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.

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

Hong Kong ETF trend

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

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

Hong Kong ETF oscillator

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

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

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

Hong Kong ETF returns

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

Hong Kong ETF returns = (Hong Kong ETF Closing Price – Hong Kong ETF Previous Price)/(Hong Kong ETF Previous Price)
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