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

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.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Malaysia ETF EWM 25 0 0.25 1.17058 48.7994 0.32 -4.4 -11.54 -0.00315

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

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Malaysia PMI vs ETF MY.FACT.ETFPMI 25.5 49.5 0

Malaysia ETF related Indicators

Malaysia ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
FTSE Malaysia KLCI Stock Index KLSE 1516.52 0 0.75 1.21502 49.5276 -0.2 -3.65 -5.66 0.01432
Malaysia PMI vs ETF ETF vs PMI Factor MY.FACT.ETFPMI 25.5

Malaysia Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
FTSE Malaysia KLCI KLSE 1516.52 0 0.75 1.21502 49.5276 -0.2 -3.65 -5.66 0.01432
Malaysia ETF EWM 25 0 0.25 1.17058 48.7994 0.32 -4.4 -11.54 -0.00315
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

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
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
business confidence 111.8 115.4 -0.0311958 0.133874 1.0 1.0 0.866667 2021-01-01
capital flows 15797 -10888 -2.45086 0.33117 1.0 1.0 0 2021-01-01
car registrations 133878 157542 -0.150208 84.2726 1.0 1.0 1 2021-04-30
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 confidence 98.9 85.2 0.160798 0.0868132 1.0 1.0 0 2021-01-01
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 12294 18629 -0.340061 -0.172901 1.0 -1.0 0.483333 2021-01-01
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
exports 92300 105620 -0.126112 0.472416 1.0 1.0 0.983333 2021-05-31
external debt 1039660 958456 0.0847238 0.174875 1.0 1.0 0.4 2020-07-01
fiscal expenditure 62200.5 53742 0.157391 0.132848 1.0 1.0 0.366667 2021-01-01
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 336.66 364.68 -0.0768345 0.458602 1.0 1.0 0 2020-01-31
Real GDP 343067 357365 -0.0400095 0.0489966 -1.0 1.0 0 2020-07-01
gdp growth 2.7 -1.5 -2.8 1.07692 1.0 1.0 0.883333 2021-01-01
gdp growth annual -0.5 -3.4 -0.852941 -1.09615 -1.0 -1.0 0.166667 2021-01-01
gold reserves 38.88 38.9 -0.000514139 0.0332182 1.0 1.0 0.833333 2020-07-01
government budget -3.2 -3.7 -0.135135 0 1.0 -1.0 0 2019-01-31
Government budget -12673.3 23160 -1.54721 20.753 -1.0 -1.0 0.983333 2021-01-01
government debt to gdp 60.7 52.7 0.151803 0.471872 1.0 1.0 0 2020-01-31
government revenues 49527.2 76902 -0.35597 -0.0882948 -1.0 -1.0 0.0333333 2021-01-01
housing index 0.8 -0.9 -1.88889 -0.868852 -1.0 -1.0 0.0833333 2020-06-01
imports 78600 85144 -0.076858 0.503667 1.0 1.0 1 2021-05-31
industrial production 26 50.1 -0.481038 -2.17647 1.0 1.0 0.15 2021-05-31
industrial production mom -0.3 -4.5 -0.933333 -1.02055 -1.0 -1.0 0.633333 2021-05-31
inflation cpi 4.4 4.7 -0.0638298 -2.51724 1.0 1.0 0.133333 2021-05-31
interbank rate 1.94 1.94 0 0 -1.0 -1.0 0.508333 2021-06-02
interest rate 1.75 2 -0.125 -0.416667 -1.0 -1.0 0.0166667 2020-07-07
loans to private sector 2067300 2060500 0.00330017 0.0350214 1.0 1.0 0.0166667 2021-05-31
manufacturing pmi 39.9 51.3 -0.222222 -0.217647 -1.0 -1.0 0.0333333 2021-06-30
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
PPI Index 11.9 10.6 0.122642 -3.975 1.0 1.0 0.166667 2021-06-30
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
unemployment rate 4.5 4.6 -0.0217391 -0.150943 -1.0 -1.0 0.0166667 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 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.

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 trend

Malaysia 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 oscillator

The 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 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 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 returns

MacroVar 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)
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