MSCI ACWI Index

MSCI ACWI Index closed down by -0.87% to 719.78 on 23 January 2021 and +0.67% on a weekly basis. MSCI ACWI Index momentum was last calculated at +100.0/100 indicating positive momentum. MSCI ACWI Index trend is +100.0/100 indicating a positive trend. MSCI ACWI Index momentum exhaustion is 1.77952 indicating MSCI ACWI Index is oversold.MSCI ACWI Index RSI is 72.058 .

MSCI ACWI Index Chart

MSCI ACWI Index

MSCI ACWI Index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
MSCI ACWI IndexACWI719.78111.7795272.058-0.870.671.990.13338

MSCI ACWI Index closed at 719.78 on 23 January 2021. MSCI ACWI Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. MSCI ACWI Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. MSCI ACWI Index momentum exhaustion is 1.77952 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating MSCI ACWI Index is oversold and a possible reversal is imminent. MSCI ACWI Index RSI was last calculated at 72.058. MSCI ACWI Index moving averages were last recorded as follows: 1-month moving average: 639.149 in an uptrend , 1-quarter moving average: 612.469 in an uptrend and 1-year moving average: 548.4 in an uptrend. MSCI ACWI Index annual return was last recorded at None%, daily return was last recorded at -0.87%, and weekly return was last recorded at 0.67%. MSCI ACWI Index histrorical 20-day volatility was last recorded at 6.76402%, MSCI ACWI Index alpha None, MSCI ACWI Index beta None and MSCI ACWI Index maximum drawdown was recorded at None%. MacroVar models monitor MSCI ACWI Index statistics based on historical data since 1970.

MSCI ACWI Index News

Global Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
FTSE 100FTSE6998.28-0.50.250.3561850.8123-1.31-1.070.5-0.14712
United Kingdom ETFEWU32.2410.750.9621763.0248-2.24-2.33-1.23-0.11483
British Pound US Dollar (GBP/USD)GBPUSD0.73-1-1-1.9051837.14631.191.911.73-0.04602
FLG UK 10Y GiltsFLG129.3710.25-0.3156351.10740.240.690.640.02662
United Kingdom 10-Year Bond YieldGB.10Y0.61-1-0.75-0.7006342.3296-3.33-22.09-23.85-0.74093
UK 5-Year Bond YieldUK.5Y0.310-0.25-0.3740854.63941.97-12.18-12.68-1.1311
UK 2-year bond yieldUK.2Y0.110.5-1-1.0606936.957729.4127.9157.14-1.27206
UK Yield CurveUK.YC0.5-0.50.751.1196150.0309-8.42-28.26-31.60.52632
United Kingdom Credit Default SwapsCDS.UK10.5-1-1-1.1100742.401310.530-4.55-0.29029

Global Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade884-1595-1.55423-0.853571.0-1.00.22021-05-31
bank lending rate1.11.10-0.266667-1.0-1.00.0252019-05-31
banks balance sheet427732042509600.00620095-0.008525531.0-1.00.1166672021-05-31
business confidence38-22-2.727271.923081.01.00.92020-10-01
capacity utilization73.964.50.145736-0.127509-1.0-1.00.052020-08-01
capital flows2799937969-0.2625830.3616871.01.00.6833332021-01-31
car registrations1861281567370.1875180.2803131.01.00.9666672021-06-30
central bank balance sheet9824399816230.0008312760.04108871.01.00.4166672021-07-14
composite pmi62.262.9-0.01112880.3039831.01.00.952021-06-30
construction pmi66.364.20.03271030.1989151.01.00.8333332021-06-30
consumer confidence-9-15-0.4-0.7352941.01.00.1833332021-05-30
consumer price index cpi111.31110.760.004965690.0251051.01.00.82021-06-30
core inflation rate2.320.150.6428571.01.00.8166672021-06-30
core Producer Price Index113.2112.80.00354610.02629191.01.00.6333332021-05-31
current account-12828-26286-0.511984-0.2826711.01.00.2166672021-01-30
current account to gdp-3.5-3.10.129032-0.1666671.01.002020-01-31
deposit interest rate0.50.500-1.0-1.002020-02-29
exports51643494800.04371460.1467051.01.00.9166672021-05-31
external debt71472907287330-0.01921690.1123421.01.00.52021-01-01
foreign direct investment11963-2769-5.32033-0.4406151.0-1.00.7333332021-01-01
foreign exchange reserves176594180463-0.0214393-0.0059051-1.0-1.00.06666672021-06-30
gdp2707.742830.81-0.0434752-0.0732028-1.0-1.002020-01-31
Real GDP496737504742-0.0158596-0.0664663-1.0-1.00.03333332021-03-01
gdp growth-1.61.3-2.23077-5-1.0-1.00.08333332021-01-01
gdp growth annual-6.1-7.3-0.164384-6.54545-1.0-1.00.03333332021-01-01
gold reserves310.29310.3-0.00003222690-1.0-1.00.5333332020-07-01
government budget-14.3-2.64.50.906667-1.0-1.002020-12-31
Government budget-19147-31285.1211611.2581.0-1.00.9833332021-02-28
government debt2195.82170.90.01146990.1337841.01.00.852021-05-31
government debt to gdp97.484.40.1540280.9959021.01.002020-12-31
government revenues6318781218-0.222007-0.01395111.0-1.00.1666672021-02-28
housing index448.96451.17-0.004898380.08791321.01.00.9833332021-06-30
housing starts46010421100.09261460.09992831.01.00.62021-01-01
imports5075951075-0.006186980.3015461.01.012021-05-31
industrial production20.627.2-0.242647-21.01.00.2333332021-05-31
industrial production mom0.8-1-1.8-1.0404-1.01.00.4333332021-05-31
inflation cpi2.52.10.1904763.166671.01.00.7833332021-06-30
interbank rate0.080.080-0.111111-1.0-1.00.052021-06-02
interest rate0.10.25-0.6-0.866667-1.0-1.00.01666672020-03-19
lending rate0.351-0.65-0.533333-1.0-1.00.01666672020-03-31
loans to private sector26375802655060-0.006583660.1124051.01.00.5333332021-03-31
long term unemployment rate10.90.111111-0.0909091-1.0-1.00.4252020-02-01
manufacturing pmi63.965.6-0.02591460.2754491.01.00.9666672021-06-30
money supply m09553996324-0.008149580.1161361.01.00.9166672021-06-30
money supply m122491702265810-0.007343950.1145711.01.00.7333332021-05-31
money supply m228624102878460-0.00557590.07006781.01.00.6666672021-05-31
money supply m333330903333480-0.0001169950.05844641.01.00.4333332021-05-31
Producer Price Index112.3111.90.003574620.04271121.01.00.9666672021-06-30
PPI Index4.34.4-0.0227273-3.529411.01.00.152021-06-30
retail sales MoM-1.49.2-1.15217-1.1157-1.0-1.00.4666672021-05-31
retail sales24.642.4-0.419811-2.892311.01.00.06666672021-05-31
services pmi62.462.9-0.007949130.3248411.01.00.952021-06-30
unemployment rate4.84.70.02127660.1707321.01.00.8666672021-05-31
youth unemployment rate13.513.20.02272730.0629921-1.01.00.7333332021-04-30
zew economic sentiment index60.435.80.687151-2.032481.01.00.1166672021-03-28
UK RICS House Price75590.271186-4.571431.01.00.1333332021-04-30
Construction sector-15.5-17.6-0.119318-23.1429-1.0-1.00.052019-10-01
Consumer sector-16.2-22.6-0.2831861.281691.0-1.00.82020-12-01
Manufacturing sector-16.4-24.5-0.330612-0.2545451.01.00.752020-12-01
Retail sector-16-100.60.0256411.0-1.00.8333332020-12-01
Services sector-39.4-40-0.0151.509551.0-1.00.8833332020-12-01
ESI - Economic Composite87.181.50.0687117-0.02572711.0-1.00.5833332020-12-01

MSCI ACWI Index Trading Signals


MacroVar estimates the following signals: MSCI ACWI Index momentum, MSCI ACWI Index trend, MSCI ACWI Index oscillator, MSCI ACWI Index RSI and MSCI ACWI Index returns.

MSCI ACWI Index 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.

MacroVarMSCI ACWI Index momentum signal ranges from -100 to +100. The MSCI ACWI Index momentum signal is derived as the mean value from 4 calculations for the MSCI ACWI Index. 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. MSCI ACWI Index 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. MSCI ACWI Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when MSCI ACWI Index momentum signal moves from positive to negative value or vice-versa.

MSCI ACWI Index trend

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

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

MSCI ACWI Index oscillator

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

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

MSCI ACWI Index 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 MSCI ACWI Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During MSCI ACWI Index 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.

MSCI ACWI Index returns

MacroVar calculates MSCI ACWI Index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

MSCI ACWI Index returns = (MSCI ACWI Index Closing Price – MSCI ACWI Index Previous Price)/(MSCI ACWI Index Previous Price)
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