IShares MSCI Correlations

EPHE Etf

USD 25.20 0.23 0.90%

The current 90-days correlation between iShares MSCI Philippines and iShares MSCI Thailand is 0.24 (i.e., Modest 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.

IShares MSCI Correlation With Market

Average diversification

The correlation between iShares MSCI Philippines and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Philippines 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 Philippines. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against IShares Etf

0.68	KSA	iShares MSCI Saudi	Pair Corr
0.66	VO	Vanguard Mid Cap	Pair Corr
0.63	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.62	EWA	iShares MSCI Australia	Pair Corr
0.58	VB	Vanguard Small Cap	Pair Corr
0.55	VUG	Vanguard Growth Index	Pair Corr
0.54	VTV	Vanguard Value Index	Pair Corr
0.4	BBCA	JPMorgan BetaBuilders	Pair Corr
0.4	EWC	iShares MSCI Canada	Pair Corr
0.74	JPM	JPMorgan Chase	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.64	AXP	American Express	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.31	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	THD	EIDO	EPOL	EPU	ENZL
THD		0.91	-0.88	-0.66	0.9	THD
EIDO	0.91		-0.86	-0.77	0.92	EIDO
EPOL	-0.88	-0.86		0.82	-0.76	EPOL
EPU	-0.66	-0.77	0.82		-0.6	EPU
ENZL	0.9	0.92	-0.76	-0.6		ENZL
	THD	EIDO	EPOL	EPU	ENZL

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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

ENZL	+ 0.92	EIDO
EIDO	+ 0.91	THD
ENZL	+ 0.9	THD
EPU	+ 0.82	EPOL

High negative correlations

EPOL	- 0.88	THD
EPOL	- 0.86	EIDO
EPU	- 0.77	EIDO
ENZL	- 0.76	EPOL
EPU	- 0.66	THD
ENZL	- 0.6	EPU

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	1.05	(0.19)	0.00	(0.38)	0.00	0.00	2.09	(2.59)	5.71
EIDO	1.22	(0.29)	0.00	(1.03)	0.00	0.00	2.72	(3.19)	9.68
EPOL	1.32	0.48	0.32	0.67	1.06	(1.53)	3.34	(2.32)	9.10
EPU	0.91	0.14	0.12	0.28	1.06	(1.01)	1.73	(2.12)	4.91
ENZL	0.83	(0.13)	0.00	(0.25)	0.00	0.00	1.50	(2.24)	4.54

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