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123320

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Analysis and statistics

  • Open
    24127.5714$
  • Previous Close
    24579.972$
  • 52 Week Change
    --
  • Day Range
    -452.40$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

The financial product symbol 123320.KO refers to the KODEX Inverse, an Exchange Traded Fund (ETF) listed on the Korea Exchange (KRX). This ETF aims to provide the inverse performance of the KOSPI 200 index, meaning it is designed to increase in value when the KOSPI 200 index decreases and vice-versa. It is a tool used by investors seeking to hedge their portfolio against market downturns or to profit from anticipated declines in the KOSPI 200. Investors should be aware of the risks associated with inverse ETFs, including the potential for significant losses and the impact of compounding on daily returns.
Forex Investment Explained: EUR/USD, USD/JPY, GBP/USD, USD/CAD

Forex Investment Explained: EUR/USD, USD/JPY, GBP/USD, USD/CAD

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Factors

Underlying Asset Performance: The primary driver is the performance of the assets held within the ETF. 123320.KO's price will fluctuate based on the collective value changes of its constituent holdings.

Supply and Demand: Market forces of supply and demand directly impact the ETF's price. Higher demand pushes the price up, while increased selling pressure leads to a price decrease.

Investor Sentiment: Overall market optimism or pessimism towards the asset class or sector represented by the ETF influences buying and selling decisions.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth can indirectly affect the companies held within the ETF, subsequently impacting its price.

Currency Fluctuations: If the ETF holds assets denominated in a foreign currency, exchange rate variations between the domestic and foreign currencies will influence its price.

Management Fees and Expenses: While having a minor impact, the ETF's expense ratio and management fees are factored into the overall return and can influence its relative attractiveness compared to similar ETFs.

Trading Volume and Liquidity: Higher trading volume and liquidity generally result in tighter bid-ask spreads, making it easier to buy and sell the ETF at a fair price. Lower liquidity can lead to wider spreads and price volatility.

Index Tracking Accuracy: How closely the ETF tracks its underlying index is crucial. Deviations from the index's performance can affect investor confidence and influence the ETF's price.

Geopolitical Events: Major global events, political instability, or regulatory changes can create market uncertainty and impact investor sentiment, leading to price fluctuations in the ETF.

Competitive Landscape: The performance and attractiveness of competing ETFs offering similar exposure can influence investor flows and subsequently impact the price of 123320.KO.

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