South Korea ETF EWY
South Korea ETF closed down by -1.99% to 89.46 on 23 January 2021 and +-2.73% on a weekly basis. South Korea ETF momentum was last calculated at +100.0/100 indicating positive momentum. South Korea ETF trend is +100.0/100 indicating a positive trend. South Korea ETF momentum exhaustion is 2.90037 indicating South Korea ETF is overbought.South Korea ETF RSI is 78.8447 .
South Korea ETF EWY Chart
South Korea ETF EWY Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the South Korea ETF. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the South Korea ETF trading signals presented in the South Korea ETF statistics table.
South Korea ETF closed at 89.46 on 23 January 2021. South Korea ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. South Korea ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. South Korea ETF momentum exhaustion is 2.90037 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating South Korea ETF is overbought and a possible reversal is imminent. South Korea ETF RSI was last calculated at 78.8447. South Korea ETF moving averages were last recorded as follows: 1-month moving average: 83.1035 in an uptrend , 1-quarter moving average: 75.2855 in an uptrend and 1-year moving average: 61.74 in an uptrend. South Korea ETF annual return was last recorded at None%, daily return was last recorded at -1.99%, and weekly return was last recorded at -2.73%. South Korea ETF histrorical 20-day volatility was last recorded at 22.9838%, South Korea ETF alpha None, South Korea ETF beta None and South Korea ETF maximum drawdown was recorded at None%. MacroVar models monitor South Korea ETF statistics based on historical data since 1970.
South Korea ETF EWY News
South Korea ETF Factors
South Korea ETF
South Korea ETF related Indicators
South Korea ETF
South Korea Markets
|South Korea ETF||EWY||89.46||1||1||2.90037||78.8447||-1.99||-2.73||-4.41||0.49168|
|Korean Won US Dollar (KRW/USD)||KRWUSD||1149.49||0||-0.75||-2.17688||34.755||0.45||1.19||3.56||-0.06315|
|South Korea 5-Year Bond Yield||KR.5Y||1.63||0||0.75||1.46948||48.9319||-4.68||-7.18||0.18||0.02403|
|South Korea 2-year bond yield||KR.2Y||1.26||1||0.75||1.13404||59.2596||-2.85||-3.15||40.47||-0.09091|
|South Korea Yield Curve||KR.YC||0.62||1||1||1.70142||52.959||-12.43||-21.32||-49.18||1.92308|
|South Korea Credit Default Swaps||CDS.South Korea||18.75||-0.5||-0.75||-0.79833||49.8924||2.74||2.74||-10.71||-0.10974|
|Export-Import Bank of Korea Credit Default Swaps||CDS.Export-Import-Bank-of-Korea||18.5||-0.5||-0.75||-0.95953||45.2265||0||-2.63||-7.5||-0.23572|
South Korea Economic Indicators
|balance of trade||4440||2940||0.510204||0.298546||1.0||1.0||0.783333||2021-06-30|
|bank lending rate||2.72||2.74||-0.00729927||-0.035461||1.0||-1.0||0.466667||2021-05-31|
|central bank balance sheet||553240||547995||0.00957126||0.00479112||1.0||1.0||0.366667||2021-05-31|
|consumer price index cpi||107.39||107.46||-0.000651405||0.0240298||1.0||1.0||0.966667||2021-06-30|
|core inflation rate||1.5||1.5||0||1.5||1.0||1.0||0.966667||2021-06-30|
|current account to gdp||3.5||3.7||-0.0540541||10.6667||-1.0||1.0||0||2019-02-28|
|deposit interest rate||0.93||0.94||-0.0106383||-0.30597||-1.0||-1.0||0.233333||2021-04-30|
|foreign direct investment||8270820||4738480||0.745458||-0.235585||1.0||-1.0||0.15||2021-04-01|
|foreign exchange reserves||456459||452310||0.00917291||0.120665||1.0||1.0||1||2021-05-31|
|gdp growth annual||1.9||-1.1||-2.72727||-0.366667||1.0||-1.0||0.316667||2021-01-01|
|government debt to gdp||42.6||36.4||0.17033||0.512677||1.0||1.0||0||2020-01-31|
|industrial production mom||-0.7||-1.6||-0.5625||-0.909091||-1.0||1.0||0.516667||2021-05-31|
|loans to private sector||10221500||10171000||0.0049651||0.0797093||1.0||1.0||0.766667||2021-06-30|
|money supply m0||143837000||142318000||0.0106733||0.156209||1.0||1.0||0.733333||2021-05-31|
|money supply m1||1269340||1260890||0.00670162||0.209944||1.0||1.0||0.816667||2021-05-31|
|money supply m2||3388330||3348840||0.0117921||0.108906||1.0||1.0||0.983333||2021-05-31|
|money supply m3||4667130||4696870||-0.00633188||0.0849829||1.0||1.0||0.866667||2021-05-31|
|Producer Price Index||109.06||108.65||0.00377358||0.0642077||1.0||1.0||0.983333||2021-06-30|
|retail sales MoM||-1.8||2.1||-1.85714||-1.51429||-1.0||-1.0||0.416667||2021-05-31|
|youth unemployment rate||8.8||9.3||-0.0537634||-0.2||-1.0||-1.0||0.0666667||2021-06-30|
South Korea ETF Trading Signals
MacroVar estimates the following signals: South Korea ETF momentum, South Korea ETF trend, South Korea ETF oscillator, South Korea ETF RSI and South Korea ETF returns.
South Korea 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.
MacroVarSouth Korea ETF momentum signal ranges from -100 to +100. The South Korea ETF momentum signal is derived as the mean value from 4 calculations for the South Korea 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. South Korea 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. South Korea ETF EWY momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when South Korea ETF momentum signal moves from positive to negative value or vice-versa.
South Korea ETF trendSouth Korea ETF trend signal ranges from -100 to +100. South Korea 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. South Korea ETF Closing price vs South Korea ETF moving average (MA) calculation: If South Korea ETF is greater than South Korea ETF MA value is +1, else -1, 2. South Korea ETF Moving average slope calculation: if current South Korea ETF moving average is higher than the previous MA, South Korea ETF upward slope +1, else -1
South Korea ETF trend model can be used as a trend strength indicator. South Korea ETF trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when South Korea ETF trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The South Korea ETF 52-week simple moving average and its slope are the most important indicators defining a market’s trend. South Korea ETF is in an uptrend when South Korea ETF price is higher than the 52-week moving average and the South Korea 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 South Korea ETF oscillator and South Korea ETF RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
South Korea ETF oscillatorThe South Korea ETF oscillator estimated by MacroVar is the z-score of the current South Korea ETF price versus South Korea ETF 1-year simple moving average price. The formula for the South Korea ETF oscillator is:
South Korea ETF oscillator = (Current Price – 250 trading days South Korea ETF simple moving average price) / (250 days South Korea ETF price standard deviation)
South Korea ETF oversold conditions
South Korea ETF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the South Korea ETF is oversold it is often due for a rebound. Values of the South Korea ETF oscillator lower than -2.5 signify oversold conditions. It must be noted that the South Korea ETF oscillator must be analyzed ibn conjunction with the rest of South Korea 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 South Korea ETF RSI.
South Korea ETF overbought conditions
South Korea ETF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the South Korea ETF is overbought it is often due for a correction. Values of the South Korea 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 South Korea 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.
South Korea 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 South Korea ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During South Korea 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.
South Korea ETF returnsMacroVar calculates South Korea ETF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
South Korea ETF returns = (South Korea ETF Closing Price – South Korea ETF Previous Price)/(South Korea ETF Previous Price)