IShares MSCI Correlations
| ENOR Etf | USD 23.73 0.15 0.64% |
The current 90-days correlation between iShares MSCI Norway and iShares MSCI Finland is 0.52 (i.e., Very 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 Norway and DJI is 0.45 (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 Norway and DJI in the same portfolio, assuming nothing else is changed.
IShares |
Moving together with IShares Etf
| 0.73 | BBCA | JPMorgan BetaBuilders | PairCorr |
| 0.72 | EWC | iShares MSCI Canada | PairCorr |
| 0.77 | EWU | iShares MSCI United | PairCorr |
| 0.77 | EWY | iShares MSCI South | PairCorr |
| 0.8 | EWL | iShares MSCI Switzerland | PairCorr |
| 0.67 | EWG | iShares MSCI Germany | PairCorr |
| 0.69 | EWQ | iShares MSCI France | PairCorr |
| 0.78 | CVX | Chevron Corp | PairCorr |
| 0.72 | MMM | 3M Company | PairCorr |
| 0.81 | GE | GE Aerospace | PairCorr |
| 0.64 | CSCO | Cisco Systems | PairCorr |
| 0.62 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.77 | JPM | JPMorgan Chase | PairCorr |
| 0.64 | T | ATT Inc Aggressive Push | PairCorr |
Moving against IShares Etf
| 0.35 | USD | ProShares Ultra Semi | PairCorr |
| 0.5 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.45 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| 0.71 | 0.08 | -0.44 | 0.96 | EFNL | ||
| 0.71 | 0.48 | -0.09 | 0.6 | EIRL | ||
| 0.08 | 0.48 | 0.34 | -0.08 | EDEN | ||
| -0.44 | -0.09 | 0.34 | -0.52 | ENZL | ||
| 0.96 | 0.6 | -0.08 | -0.52 | EPOL | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EFNL | 0.76 | 0.13 | 0.14 | 0.26 | 0.88 | 1.60 | 4.81 | |||
| EIRL | 0.65 | 0.05 | 0.07 | 0.09 | 0.84 | 1.07 | 4.49 | |||
| EDEN | 0.81 | 0.00 | 0.00 | (0.03) | 0.00 | 1.54 | 5.03 | |||
| ENZL | 0.91 | (0.15) | 0.00 | (0.42) | 0.00 | 1.50 | 5.31 | |||
| EPOL | 1.12 | 0.32 | 0.23 | 0.45 | 1.05 | 2.52 | 6.17 |