Underlying Index Performance: EXV7.F tracks a specific equity index. The price of the ETF is directly influenced by the performance of this underlying index. If the index goes up, the ETF price generally goes up, and vice versa.

Supply and Demand: Market forces of supply and demand for the ETF itself play a role. Higher demand relative to supply can push the price up, while increased supply compared to demand can lower it.

Currency Fluctuations: As an ETF traded internationally, currency exchange rates can affect its price. If the currency in which the underlying assets are denominated strengthens against the investor's currency, the ETF price may increase.

Expense Ratio: The ETF's expense ratio, which covers management fees and other operating costs, can indirectly affect its price over time. Higher expense ratios can lead to slightly lower returns compared to ETFs with lower fees, thus influencing long-term price appreciation.

Tracking Error: The degree to which the ETF accurately mirrors the performance of its benchmark index is important. Greater tracking error can lead to deviations in the ETF's price compared to the index's performance.

Market Sentiment: Overall investor sentiment towards the asset class or region represented by the ETF can influence its price. Positive sentiment can drive buying pressure and push prices higher, while negative sentiment can lead to selling pressure and lower prices.