IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Indonesia
EIDO Etf  USD 15.62  0.29  1.82%   
The current 90-days correlation between iShares MSCI Indonesia and iShares MSCI Philippines is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Indonesia and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Indonesia 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 MSCI Indonesia. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with IShares Etf

  0.67VTI Vanguard Total StockPairCorr
  0.64SPY SPDR SP 500PairCorr
  0.64IVV iShares Core SP Sell-off TrendPairCorr
  0.78VUG Vanguard Growth IndexPairCorr
  0.78VB Vanguard Small CapPairCorr
  0.69HD Home DepotPairCorr
  0.75AA Alcoa CorpPairCorr
  0.69AXP American Express Sell-off TrendPairCorr
  0.66DIS Walt DisneyPairCorr
  0.73HPQ HP IncPairCorr
  0.78CAT CaterpillarPairCorr

Moving against IShares Etf

  0.83EWG iShares MSCI GermanyPairCorr
  0.83BND Vanguard Total Bond Sell-off TrendPairCorr
  0.82EWU iShares MSCI UnitedPairCorr
  0.82EWL iShares MSCI SwitzerlandPairCorr
  0.79EWQ iShares MSCI FrancePairCorr
  0.77VEA Vanguard FTSE DevelopedPairCorr
  0.76GDXU MicroSectors Gold MinersPairCorr
  0.61EWW iShares MSCI MexicoPairCorr
  0.5EWY iShares MSCI SouthPairCorr
  0.83KO Coca ColaPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.71MCD McDonaldsPairCorr
  0.61IBM International BusinessPairCorr
  0.61MMM 3M CompanyPairCorr
  0.6GE GE AerospacePairCorr
  0.52INTC IntelPairCorr
  0.48PG Procter GamblePairCorr
  0.48CSCO Cisco SystemsPairCorr

Related Correlations Analysis

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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   
VNM
+ 0.56
EPOL
VNM
+ 0.46
EPHE
TUR
+ 0.27
EPHE
TUR
+ 0.24
THD
EPOL
+ 0.15
EPHE
VNM
+ 0.1
TUR
  
High negative correlations   
EPOL
- 0.87
THD
VNM
- 0.48
THD
EPOL
- 0.19
TUR
THD
- 0.09
EPHE

IShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares MSCI 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 MSCI'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.

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