EWM Stock Summary and Trading Ideas (iShares MSCI Malaysia ETF | ARCA:EWM)

The iShares MSCI Malaysia ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of publicly traded securities in the Malaysian market as measured by the MSCI Malaysia Index.

iShares MSCI Malaysia ETF trades on the ARCA stock market under the symbol EWM.

As of April 22, 2024, EWM stock price climbed to $22.01 with 346,446 million shares trading.

EWM has a beta of 0.40, meaning it tends to be less sensitive to market movements. EWM has a correlation of 0.17 to the broad based SPY ETF.

EWM has a market cap of $254.22 million. This is considered a Small Cap stock.

In the last 3 years, EWM stock traded as high as $28.30 and as low as $19.60.

EWM stock has underperformed the market in the last year with a return of +3.7%, while SPY returned +22.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EWM shares. However, EWM has outperformed the market in the last 3 month and 2 week periods, returning +5.0% and -0.6%, while SPY returned +3.7% and -3.7%, respectively. This indicates EWM has been having a stronger performance recently.

EWM support price is $21.60 and resistance is $21.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EWM stock will trade within this expected range on the day.