IShares MSCI Correlations

EIS Etf

USD 77.17 0.05 0.06%

The current 90-days correlation between iShares MSCI Israel and iShares MSCI Thailand is 0.34 (i.e., Weak diversification). The correlation of IShares MSCI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Israel and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Israel 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 Israel. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with IShares Etf

0.8	BBCA	JPMorgan BetaBuilders	Pair Corr
0.79	EWC	iShares MSCI Canada	Pair Corr
0.77	EWA	iShares MSCI Australia	Pair Corr
0.87	KSA	iShares MSCI Saudi	Pair Corr
0.62	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.84	VTV	Vanguard Value Index	Pair Corr
0.75	VO	Vanguard Mid Cap	Pair Corr
0.61	AXP	American Express	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr

Moving against IShares Etf

0.66

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	THD	EIRL	EWN	ENZL	ECH
THD		-0.71	-0.76	0.88	-0.88	THD
EIRL	-0.71		0.81	-0.69	0.85	EIRL
EWN	-0.76	0.81		-0.61	0.93	EWN
ENZL	0.88	-0.69	-0.61		-0.73	ENZL
ECH	-0.88	0.85	0.93	-0.73		ECH
	THD	EIRL	EWN	ENZL	ECH

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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

ECH	+ 0.93	EWN
ENZL	+ 0.88	THD
ECH	+ 0.85	EIRL
EWN	+ 0.81	EIRL

High negative correlations

ECH	- 0.88	THD
EWN	- 0.76	THD
ECH	- 0.73	ENZL
EIRL	- 0.71	THD
ENZL	- 0.69	EIRL
ENZL	- 0.61	EWN

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
THD	1.08	(0.20)	0.00	(0.43)	0.00	0.00	2.09	(2.59)	5.71
EIRL	0.79	0.09	0.11	0.07	0.94	(0.78)	2.11	(1.45)	4.82
EWN	0.91	0.11	0.11	0.13	1.21	(0.89)	1.82	(1.57)	6.36
ENZL	0.83	(0.09)	0.00	(0.30)	0.00	0.00	1.50	(2.24)	4.54
ECH	0.82	0.27	0.31	0.79	0.66	(0.90)	2.10	(1.36)	5.65

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