Malaysia ETF EWM
Malaysia ETF closed up by 0.32% to 25.0 on 23 January 2021 and +-4.4% on a weekly basis. Malaysia ETF momentum was last calculated at +0.0/100 indicating positive momentum. Malaysia ETF trend is +25.0/100 indicating a positive trend. Malaysia ETF momentum exhaustion is 1.17058 indicating Malaysia ETF is oversold.Malaysia ETF RSI is 48.7994 .
Malaysia ETF EWM Chart
Malaysia ETF EWM Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Malaysia ETF. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the Malaysia ETF trading signals presented in the Malaysia ETF statistics table.
Malaysia ETF closed at 25.0 on 23 January 2021. Malaysia ETF trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Malaysia ETF momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Malaysia ETF momentum exhaustion is 1.17058 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Malaysia ETF is oversold and a possible reversal is imminent. Malaysia ETF RSI was last calculated at 48.7994. Malaysia ETF moving averages were last recorded as follows: 1-month moving average: 28.922 in a downtrend , 1-quarter moving average: 27.6477 in an uptrend and 1-year moving average: 26.11 in a downtrend. Malaysia ETF annual return was last recorded at None%, daily return was last recorded at 0.32%, and weekly return was last recorded at -4.4%. Malaysia ETF histrorical 20-day volatility was last recorded at 17.8651%, Malaysia ETF alpha None, Malaysia ETF beta None and Malaysia ETF maximum drawdown was recorded at None%. MacroVar models monitor Malaysia ETF statistics based on historical data since 1970.
Malaysia ETF EWM News
Malaysia ETF Factors
Malaysia ETF related Indicators
|FTSE Malaysia KLCI||KLSE||1516.52||0||0.75||1.21502||49.5276||-0.2||-3.65||-5.66||0.01432|
|Malaysian Ringgit US Dollar (MYR/USD)||MYRUSD||4.23||-1||-1||-1.79028||28.4713||0.7||1.67||3.11||-0.00985|
|Malaysia 1-year bond yield||MY.1Y||1.86||-1||-1||-1.23987||37.5515||0||0||2.2||-0.43506|
|Malaysia 5-year bond yield||MY.5Y||2.51||-1||-1||-1.23987||37.5515||0.16||-1.53||-1.57||-0.43506|
|Malaysia Yield Curve||MY.YC||1.26||-0.5||0.25||0.97903||36.0922||-10.32||-12.2||-0.79||1.71875|
|Malaysia Credit Default Swaps||CDS.Malaysia||49.62||-0.5||-0.75||-0.85622||46.5615||5.02||11.51||7.87||-0.03497|
Malaysia Economic Indicators
|balance of trade||13700||20500||-0.331707||0.317308||-1.0||1.0||0.65||2021-05-31|
|bank lending rate||3.42||3.45||-0.00869565||-0.146067||-1.0||-1.0||0.233333||2021-05-31|
|banks balance sheet||2962690||2961970||0.000243081||0.0365797||1.0||1.0||0.216667||2021-05-31|
|cash reserve ratio||2||3||-0.333333||-0.428571||-1.0||-1.0||0.0166667||2020-03-31|
|central bank balance sheet||515448||514253||0.00232376||0.0669769||1.0||1.0||0.683333||2021-05-31|
|consumer price index cpi||123.1||122.9||0.00162734||0.0467687||1.0||1.0||0.983333||2021-04-30|
|core inflation rate||0.8||0.7||0.142857||-0.272727||-1.0||-1.0||0||2021-05-31|
|current account to gdp||1||3.3||-0.69697||-0.94152||-1.0||-1.0||0||2020-01-31|
|deposit interest rate||1.96||2.98||-0.342282||-0.373802||-1.0||-1.0||0||2020-01-01|
|foreign direct investment||9137||6781||0.347441||-0.142404||1.0||-1.0||0||2021-01-01|
|foreign exchange reserves||111827||111603||0.00200711||0.0640968||1.0||1.0||0.883333||2021-05-31|
|gdp growth annual||-0.5||-3.4||-0.852941||-1.09615||-1.0||-1.0||0.166667||2021-01-01|
|government debt to gdp||60.7||52.7||0.151803||0.471872||1.0||1.0||0||2020-01-31|
|industrial production mom||-0.3||-4.5||-0.933333||-1.02055||-1.0||-1.0||0.633333||2021-05-31|
|loans to private sector||2067300||2060500||0.00330017||0.0350214||1.0||1.0||0.0166667||2021-05-31|
|money supply m0||129997||128016||0.0154746||0.148079||1.0||1.0||0.833333||2021-05-31|
|money supply m1||551624||551531||0.000168622||0.150607||1.0||1.0||0.833333||2021-05-31|
|money supply m2||2076560||2073630||0.00141298||0.0381969||1.0||1.0||0.133333||2021-05-31|
|money supply m3||2082750||2078980||0.00181339||0.0378929||1.0||1.0||0.15||2021-05-31|
|Producer Price Index||111.6||110.5||0.00995475||0.119358||1.0||1.0||1||2021-05-31|
|retail sales MoM||-2.2||-1.5||0.466667||-1.07213||-1.0||-1.0||0.183333||2021-05-31|
|retail sales yoy||17.3||56.4||-0.693262||-2.0679||1.0||1.0||0.1||2021-05-31|
Malaysia ETF Trading Signals
MacroVar estimates the following signals: Malaysia ETF momentum, Malaysia ETF trend, Malaysia ETF oscillator, Malaysia ETF RSI and Malaysia ETF returns.
Malaysia 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.
MacroVarMalaysia ETF momentum signal ranges from -100 to +100. The Malaysia ETF momentum signal is derived as the mean value from 4 calculations for the Malaysia 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. Malaysia 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. Malaysia ETF EWM momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Malaysia ETF momentum signal moves from positive to negative value or vice-versa.
Malaysia ETF trendMalaysia ETF trend signal ranges from -100 to +100. Malaysia 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. Malaysia ETF Closing price vs Malaysia ETF moving average (MA) calculation: If Malaysia ETF is greater than Malaysia ETF MA value is +1, else -1, 2. Malaysia ETF Moving average slope calculation: if current Malaysia ETF moving average is higher than the previous MA, Malaysia ETF upward slope +1, else -1
Malaysia ETF trend model can be used as a trend strength indicator. Malaysia ETF trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Malaysia ETF trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Malaysia ETF 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Malaysia ETF is in an uptrend when Malaysia ETF price is higher than the 52-week moving average and the Malaysia 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 Malaysia ETF oscillator and Malaysia ETF RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Malaysia ETF oscillatorThe Malaysia ETF oscillator estimated by MacroVar is the z-score of the current Malaysia ETF price versus Malaysia ETF 1-year simple moving average price. The formula for the Malaysia ETF oscillator is:
Malaysia ETF oscillator = (Current Price – 250 trading days Malaysia ETF simple moving average price) / (250 days Malaysia ETF price standard deviation)
Malaysia ETF oversold conditions
Malaysia ETF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Malaysia ETF is oversold it is often due for a rebound. Values of the Malaysia ETF oscillator lower than -2.5 signify oversold conditions. It must be noted that the Malaysia ETF oscillator must be analyzed ibn conjunction with the rest of Malaysia 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 Malaysia ETF RSI.
Malaysia ETF overbought conditions
Malaysia ETF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Malaysia ETF is overbought it is often due for a correction. Values of the Malaysia 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 Malaysia 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.
Malaysia 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 Malaysia ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Malaysia 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.
Malaysia ETF returnsMacroVar calculates Malaysia ETF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Malaysia ETF returns = (Malaysia ETF Closing Price – Malaysia ETF Previous Price)/(Malaysia ETF Previous Price)