IShares AsiaPacific Correlations

DVYA Etf

USD 35.70 0.15 0.42%

The current 90-days correlation between iShares AsiaPacific and Strategy Shares is 0.13 (i.e., Average diversification). The correlation of IShares AsiaPacific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IShares AsiaPacific Correlation With Market

Very weak diversification

The correlation between iShares AsiaPacific Dividend and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares AsiaPacific Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares AsiaPacific Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with IShares Etf

0.84	BBAX	JPMorgan BetaBuilders	Pair Corr
0.92	EPP	iShares MSCI Pacific	Pair Corr
0.66	FPA	First Trust Asia	Pair Corr
0.79	DUKH	Ocean Park High	Pair Corr
0.62	EMC	Global X Funds	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.79	DD	Dupont De Nemours	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.68	HPQ	HP Inc	Pair Corr

Moving against IShares Etf

0.61	PFE	Pfizer Inc	Pair Corr
0.48	BA	Boeing	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		-0.03	-0.14	-0.14	0.02	0.09	-0.06	-0.1	-0.04	DHSB
MBOX	-0.03		0.49	0.35	-0.04	0.52	0.96	0.81	0.91	MBOX
DIEM	-0.14	0.49		0.81	-0.3	0.21	0.6	0.65	0.44	DIEM
MCHI	-0.14	0.35	0.81		-0.19	0.03	0.56	0.76	0.33	MCHI
DIPS	0.02	-0.04	-0.3	-0.19		0.16	0.0	-0.03	-0.01	DIPS
DISO	0.09	0.52	0.21	0.03	0.16		0.49	0.26	0.53	DISO
DIVB	-0.06	0.96	0.6	0.56	0.0	0.49		0.92	0.9	DIVB
DIVD	-0.1	0.81	0.65	0.76	-0.03	0.26	0.92		0.75	DIVD
DIVG	-0.04	0.91	0.44	0.33	-0.01	0.53	0.9	0.75		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DIVB	+ 0.96	MBOX
DIVD	+ 0.92	DIVB
DIVG	+ 0.91	MBOX
DIVG	+ 0.9	DIVB
DIVD	+ 0.81	MBOX
MCHI	+ 0.81	DIEM

High negative correlations

DIPS	- 0.3	DIEM
DIPS	- 0.19	MCHI
MCHI	- 0.14	DHSB
DIEM	- 0.14	DHSB
DIVD	- 0.1	DHSB
DIVB	- 0.06	DHSB

IShares AsiaPacific Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares AsiaPacific ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares AsiaPacific's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHSB	0.31	(0.08)	0.00	(0.94)	0.00	0.00	0.49	(0.64)	0.96
MBOX	0.59	(0.01)	0.02	(0.31)	0.83	(0.59)	1.06	(1.06)	4.74
DIEM	0.59	0.00	0.02	(0.01)	0.86	(0.60)	1.34	(1.81)	4.44
MCHI	1.36	0.22	0.14	(43.05)	1.50	(1.50)	2.57	(2.42)	12.27
DIPS	1.96	0.16	0.06	0.31	2.70	(1.91)	3.34	(3.60)	23.78
DISO	0.70	(0.01)	0.01	(0.88)	0.91	(0.68)	1.41	(1.37)	3.42
DIVB	0.53	0.02	0.06	0.31	0.66	(0.57)	1.01	(0.89)	3.96
DIVD	0.51	0.07	0.13	2.21	0.57	(0.56)	0.88	(0.78)	3.20
DIVG	0.50	(0.02)	0.00	(0.06)	0.00	0.00	0.97	(1.13)	2.77

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