Country Funds Chart Comparisons

How do the price trends of different country funds compare?

One way to approach the question of comparison is to use a “common size”, percentage price change scale instead of a currency unit price change scale. A somewhat clearer picture may also be possible at the same time by comparing multiple simple moving averages of progressive length against a longer reference moving average.

To do that we evaluated the 5-week SMA, 10-week SMA, and 20-week SMA for each fund as to whether they are greater than or less than the 40-week SMA (or whether they are within 5% of the 40-week SMA). That information serves as an indication of the degree of trend confirmation.

click image to enlarge

The three funds with the strongest trend through Friday May 8, were Chile (ECH), China (FXI), and Taiwan (EWT). The US market (VTI) chart is provided for comparison.

Disclosure: We own FXI and VTI in some accounts