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

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.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
South Korea ETFEWY89.46112.9003778.8447-1.99-2.73-4.410.49168

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

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
South Korea PMI vs ETFKR.FACT.ETFPMI66.0257.2461-0.0248389

South Korea ETF related Indicators

South Korea ETF

SecurityTypeSymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
KOSPIStock IndexKOSPI3215.91112.4312776.1486-1.5-1.84-0.050.30392
South Korea PMI vs ETFETF vs PMI FactorKR.FACT.ETFPMI66.02

South Korea Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
KOSPIKOSPI3215.91112.4312776.1486-1.5-1.84-0.050.30392
South Korea ETFEWY89.46112.9003778.8447-1.99-2.73-4.410.49168
Korean Won US Dollar (KRW/USD)KRWUSD 1149.490-0.75-2.1768834.7550.451.193.56-0.06315
South Korea 5-Year Bond YieldKR.5Y1.6300.751.4694848.9319-4.68-7.180.180.02403
South Korea 2-year bond yieldKR.2Y1.2610.751.1340459.2596-2.85-3.1540.47-0.09091
South Korea Yield CurveKR.YC0.62111.7014252.959-12.43-21.32-49.181.92308
South Korea Credit Default SwapsCDS.South Korea18.75-0.5-0.75-0.7983349.89242.742.74-10.71-0.10974
Export-Import Bank of Korea Credit Default SwapsCDS.Export-Import-Bank-of-Korea18.5-0.5-0.75-0.9595345.22650-2.63-7.5-0.23572

South Korea Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade444029400.5102040.2985461.01.00.7833332021-06-30
bank lending rate2.722.74-0.00729927-0.0354611.0-1.00.4666672021-05-31
business confidence98960.02083330.9215691.01.00.9833332021-06-30
capacity utilization104.8105.1-0.002854420.01060751.01.00.5583332021-05-31
capital flows8368-1537.5-6.44263.029081.01.012021-05-31
car registrations1416261258190.125633-0.03735021.0-1.00.4333332021-06-30
central bank balance sheet5532405479950.009571260.004791121.01.00.3666672021-05-31
consumer confidence110.3105.20.04847910.3484111.01.00.9666672021-06-30
consumer price index cpi107.39107.46-0.0006514050.02402981.01.00.9666672021-06-30
core inflation rate1.51.501.51.01.00.9666672021-06-30
current account10761.21909.94.634433.801531.01.00.9666672021-05-30
current account to gdp3.53.7-0.054054110.6667-1.01.002019-02-28
deposit interest rate0.930.94-0.0106383-0.30597-1.0-1.00.2333332021-04-30
exports54800507300.08022870.3974571.01.00.9666672021-06-30
external debt5658975424480.04322810.3252761.01.00.7166672020-07-01
fiscal expenditure2682362230660.2024960.347283-1.01.00.8833332021-05-31
foreign direct investment827082047384800.745458-0.2355851.0-1.00.152021-04-01
foreign exchange reserves4564594523100.009172910.1206651.01.012021-05-31
gdp1630.531646.74-0.009843690.556831.01.002020-01-31
Real GDP4708474633950.01608130.05121131.01.00.06666672020-11-01
gdp growth1.71.10.5454550.5454551.01.00.8166672021-01-01
gdp growth annual1.9-1.1-2.72727-0.3666671.0-1.00.3166672021-01-01
gold reserves104.45104.51-0.0005741080.0004789271.01.00.3666672020-09-01
government budget-6.1-2.61.34615-6.25862-1.0-1.002020-01-31
Government budget-20477-163470.252646-0.5275811.01.00.52021-05-31
government debt to gdp42.636.40.170330.5126771.01.002020-01-31
government revenues2477592067190.198530.5907681.01.00.952021-05-31
housing index116.6115.10.01303210.1386721.01.012021-06-30
imports503600478109.5333613.0691.01.012021-06-30
industrial production15.612.60.238095-2.431191.01.00.2166672021-05-31
industrial production mom-0.7-1.6-0.5625-0.909091-1.01.00.5166672021-05-31
inflation cpi2.42.6-0.0769231-91.01.00.01666672021-06-30
interbank rate0.640.65-0.0153846-0.123288-1.0-1.00.052021-06-02
interest rate0.50.75-0.333333-0.714286-1.0-1.00.01666672020-05-28
loans to private sector10221500101710000.00496510.07970931.01.00.7666672021-06-30
manufacturing pmi53.953.70.003724390.3050851.01.012021-05-31
money supply m01438370001423180000.01067330.1562091.01.00.7333332021-05-31
money supply m1126934012608900.006701620.2099441.01.00.8166672021-05-31
money supply m2338833033488400.01179210.1089061.01.00.9833332021-05-31
money supply m346671304696870-0.006331880.08498291.01.00.8666672021-05-31
Producer Price Index109.06108.650.003773580.06420771.01.00.9833332021-06-30
PPI Index6.460.0666667-4.555561.01.00.08333332021-05-31
retail sales MoM-1.82.1-1.85714-1.51429-1.0-1.00.4166672021-05-31
retail sales3.18.6-0.639535-2.40909-1.01.00.1166672021-05-31
unemployment rate3.73.8-0.0263158-0.119048-1.0-1.00.052021-06-30
youth unemployment rate8.89.3-0.0537634-0.2-1.0-1.00.06666672021-06-30

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 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.

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 trend

South 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 oscillator

The 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 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 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 returns

MacroVar 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)
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