KOSPI Fear & Greed Index
A 0–100 sentiment gauge from KOSPI momentum, 52-week position and volatility
Today's reading
Prices have slipped below trend, or volatility has risen above its recent norm. Common during corrections.
As of 2026-07-21 · Top 69.7% of the full record
The share of the full history that sits below today's value. Closer to 100 means a historically rare, high reading.
Full history
7,016 trading days from 1998-01-30 to 2026-07-21, recomputed with the same formula throughout. Because the history is backfilled across the entire available price record rather than starting the day the index launched, today's reading can be compared directly against past cycles.
Components
Each input is mapped to a 0–100 score and then averaged with the weights below. Higher always pushes the index up. If an input cannot be computed, it is dropped and the remaining weights are rescaled to 100%.
| Components | Weight | Raw | Score |
|---|---|---|---|
Momentum — KOSPI 125-day MA deviation How far KOSPI trades from its own 125-day moving average. It measures position against the intermediate trend, with ±12% mapping to 100 and 0 respectively. | 40% | +2.4% | 60.2 |
Position within the 52-week range Where the current level sits between the 52-week low and high, expressed as 0–100. Near the high it approaches 100; near the low it approaches 0. | 30% | +60.5% | 60.5 |
Volatility (inverse of its one-year percentile) The percentile of 20-day realised volatility within the trailing year, subtracted from 100. Calmer markets score higher. The reason for using a percentile rather than an absolute level is explained in the methodology below. | 30% | +99.6% | 0.4 |
Reading bands
- Extreme greed (75 and above)
- Prices well above trend while volatility is low. The 2007 advance and early 2021 both sat here.
- Greed (55 – 75)
- Above trend but not at an extreme — the most common state during an advance.
- Neutral (45 – 55)
- The three inputs offset one another. The index says little about direction here.
- Fear (25 – 45)
- Prices have slipped below trend, or volatility has risen above its recent norm. Common during corrections.
- Extreme fear (Below 25)
- Drawdown and volatility at extremes together — October 2008 and March 2020 both sat here. This band has appeared near lows, but it can also stay low throughout a continuing decline.