Mexico Capped ETF EWW

Mexico Capped ETF closed down by -0.96% to 47.42 on 23 January 2021 and +0.62% on a weekly basis. Mexico Capped ETF momentum was last calculated at +100.0/100 indicating positive momentum. Mexico Capped ETF trend is +75.0/100 indicating a positive trend. Mexico Capped ETF momentum exhaustion is 1.24414 indicating Mexico Capped ETF is oversold.Mexico Capped ETF RSI is 61.1076 .

Mexico Capped ETF EWW Chart

Mexico Capped ETF EWW

Mexico Capped ETF EWW Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Mexico Capped ETF EWW 47.42 1 0.75 1.24414 61.1076 -0.96 0.62 0.94 -0.0555

Mexico Capped ETF closed at 47.42 on 23 January 2021. Mexico Capped ETF trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Mexico Capped ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Mexico Capped ETF momentum exhaustion is 1.24414 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Mexico Capped ETF is oversold and a possible reversal is imminent. Mexico Capped ETF RSI was last calculated at 61.1076. Mexico Capped ETF moving averages were last recorded as follows: 1-month moving average: 42.616 in an uptrend , 1-quarter moving average: 39.4697 in an uptrend and 1-year moving average: 35.8986 in a downtrend. Mexico Capped ETF annual return was last recorded at None%, daily return was last recorded at -0.96%, and weekly return was last recorded at 0.62%. Mexico Capped ETF histrorical 20-day volatility was last recorded at 23.9837%, Mexico Capped ETF alpha None, Mexico Capped ETF beta None and Mexico Capped ETF maximum drawdown was recorded at None%. MacroVar models monitor Mexico Capped ETF statistics based on historical data since 1970.

Mexico Capped ETF EWW News

Mexico Capped ETF Factors

Mexico Capped ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Mexico PMI vs ETF MX.FACT.ETFPMI 34.09 41.0589 -1.21885

Mexico Capped ETF related Indicators

Mexico Capped ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
S&P/BMV IPC Stock Index IPC 50035.2 1 1 1.17184 72.7267 1.21 -0.27 3.19 0.05078
Mexico PMI vs ETF ETF vs PMI Factor MX.FACT.ETFPMI 34.09

Mexico Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
S&P/BMV IPC IPC 50035.2 1 1 1.17184 72.7267 1.21 -0.27 3.19 0.05078
Mexico Capped ETF EWW 47.42 1 0.75 1.24414 61.1076 -0.96 0.62 0.94 -0.0555
Mexican Peso US Dollar (MXN/USD) MXNUSD 20.15 0.5 -0.5 -1.00008 43.5654 1.36 -0.21 1.18 0.05808
Mexico 10-Year Bond Yield MX.10Y 6.86 -0.5 -1 -1.44609 35.4716 -0.15 0.07 1.63 -0.23246
Mexico 5-Year Bond Yield MX.5Y 6.14 0 -1 -1.10189 40.3311 -0.32 3.28 11.64 -0.33234
Mexico 2-Year Bond Yield MX.2Y 5.42 -0.5 -1 -0.96897 43.6639 -1.99 12.92 14.11 -0.39915
Mexico Yield Curve MX.YC 1.44 -0.5 -0.5 0.18605 43.9583 21.01 -24.8 -25 -5.5
Mexico Credit Default Swaps CDS.Mexico 97.5 -1 -0.75 -0.97821 37.0111 3.17 0.78 5.41 0.04479

Mexico Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 340 1501 -0.773484 -1.09652 -1.0 1.0 0.333333 2021-05-31
banks balance sheet 9061610 9097600 -0.00395599 -0.891425 -1.0 -1.0 0.0166667 2021-02-28
business confidence 52.3 50.5 0.0356436 0.372703 1.0 1.0 0.983333 2021-06-30
capacity utilization 78.3 79.4 -0.0138539 0.72467 1.0 1.0 0.983333 2021-05-31
capital flows -6.5 -7.8 -0.166667 -0.726891 1.0 1.0 0.533333 2020-09-01
car registrations 45359 45770 -0.00897968 0.283757 -1.0 1.0 0.966667 2021-06-30
central bank balance sheet 4469030000 4690890000 -0.0472959 -0.0744514 -1.0 -1.0 0.0333333 2021-06-30
consumer confidence 44.5 43 0.0348837 0.381988 1.0 1.0 0.983333 2021-06-30
consumer price index cpi 113.02 112.42 0.00533713 0.0588048 1.0 1.0 0.833333 2021-06-30
core inflation rate 4.58 4.37 0.0480549 0.237838 1.0 1.0 0.683333 2021-06-30
current account 17408.9 17125.3 0.0165603 -10.9366 1.0 1.0 0.0333333 2020-10-01
current account to gdp 2.4 -0.3 -9 -2.6 1.0 1.0 0 2020-01-31
deposit interest rate 0.46 0.5 -0.08 -0.823077 -1.0 -1.0 0.0666667 2022-03-31
exports 40798.3 40772.8 0.000625417 1.25782 1.0 1.0 1 2021-05-31
external debt 460517 462504 -0.00429618 0.0153655 1.0 1.0 0.0666667 2021-01-01
fiscal expenditure 630105 534807 0.178191 0.160431 1.0 1.0 0.783333 2021-03-31
foreign direct investment 2531.4 2436.7 0.038864 -0.650981 -1.0 -1.0 0.0333333 2020-10-01
foreign exchange reserves 199302 201899 -0.0128629 0.00965572 -1.0 1.0 0.433333 2021-05-31
gdp 1076.16 1268.87 -0.151875 -0.0304778 -1.0 -1.0 0 2020-01-31
Real GDP 17635600 17502100 0.00762766 -0.0469304 -1.0 -1.0 0.05 2021-03-31
gdp growth 0.4 3.3 -0.878788 -0.692308 1.0 -1.0 0.45 2020-11-01
gdp growth annual -3.6 -4.3 -0.162791 -3 -1.0 -1.0 0.1 2021-01-01
gold reserves 119.87 120.06 -0.00158254 -0.00274542 -1.0 -1.0 0.5 2021-01-01
government budget -4.6 -1.6 1.875 45 -1.0 -1.0 0 2019-02-28
Government budget -26620 15940 -2.67001 -0.736093 -1.0 1.0 0.333333 2021-04-30
government debt to gdp 45.5 46 -0.0108696 1.5419 1.0 1.0 0 2019-01-31
government revenues 636424 435232 0.462264 0.205789 1.0 1.0 0.866667 2021-03-31
imports 40458.7 39272.2 0.0302122 0.873747 1.0 1.0 1 2021-05-31
industrial production 36.4 36.5 -0.00273973 -2.19619 1.0 1.0 0.2 2021-05-31
industrial production mom 0.1 -0.3 -1.33333 -1.14286 -1.0 1.0 0.483333 2021-05-31
inflation cpi 5.88 5.89 -0.00169779 0.765766 1.0 1.0 0.783333 2021-06-30
interbank rate 4.32 4.29 0.00699301 -0.235398 -1.0 -1.0 0.233333 2021-06-30
interest rate 4 4 0 -0.428571 -1.0 -1.0 0.133333 2021-05-13
loans to private sector 2645060000 2667200000 -0.00830084 -0.131186 -1.0 -1.0 0.0333333 2021-05-31
manufacturing pmi 48.8 47.6 0.0252101 0.264249 1.0 1.0 0.983333 2021-06-30
money supply m0 2156050 2147230 0.00410762 0.160983 1.0 1.0 0.75 2021-06-30
money supply m1 5717370000 5698410000 0.00332724 0.108959 1.0 1.0 0.516667 2021-05-31
money supply m2 10531600000 10518200000 0.00127398 0.044615 1.0 1.0 0.283333 2021-05-31
money supply m3 12573500000 12504400000 0.00552605 0.0772269 1.0 1.0 0.516667 2021-05-31
Producer Price Index 109.53 108.76 0.00707981 0.058312 1.0 1.0 0.683333 2021-06-30
retail sales MoM -0.4 3.5 -1.11429 -0.9819 -1.0 1.0 0.55 2021-04-30
retail sales 30.1 2.5 11.04 -2.26471 1.0 1.0 0.283333 2021-04-30
total vehicle sales 45359 45770 -0.00897968 0.283757 -1.0 1.0 0.966667 2021-06-30
unemployment rate 4 4.7 -0.148936 -0.047619 -1.0 -1.0 0.416667 2021-05-31

Mexico Capped ETF Trading Signals


MacroVar estimates the following signals: Mexico Capped ETF momentum, Mexico Capped ETF trend, Mexico Capped ETF oscillator, Mexico Capped ETF RSI and Mexico Capped ETF returns.

Mexico Capped 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.

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

Mexico Capped ETF trend

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

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

Mexico Capped ETF oscillator

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

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

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

Mexico Capped ETF returns

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

Mexico Capped ETF returns = (Mexico Capped ETF Closing Price – Mexico Capped ETF Previous Price)/(Mexico Capped ETF Previous Price)
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