IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Peru
EPU Etf  USD 44.66  0.07  0.16%   
The current 90-days correlation between iShares MSCI Peru and iShares MSCI Chile is 0.61 (i.e., Poor 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

Weak diversification

The correlation between iShares MSCI Peru and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Peru 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 Peru. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with IShares Etf

  0.72EWU iShares MSCI UnitedPairCorr
  0.66EWL iShares MSCI SwitzerlandPairCorr
  0.71EWG iShares MSCI GermanyPairCorr
  0.67EWQ iShares MSCI FrancePairCorr
  0.73EWW iShares MSCI MexicoPairCorr
  0.61T ATT Inc Earnings Call This WeekPairCorr
  0.62INTC IntelPairCorr
  0.74XOM Exxon Mobil Corp Aggressive PushPairCorr

Moving against IShares Etf

  0.64GRI GRI Bio Earnings Call This WeekPairCorr
  0.5SLYV SPDR SP 600PairCorr
  0.42SLYG SPDR SP 600PairCorr
  0.4MDY SPDR SP MIDCAPPairCorr
  0.33KRMA Global X ConsciousPairCorr
  0.52MSFT MicrosoftPairCorr
  0.48IXN iShares Global TechPairCorr
  0.45MRK Merck CompanyPairCorr
  0.44HD Home DepotPairCorr
  0.43CAT CaterpillarPairCorr

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   
GXG
+ 0.94
ECH
EIS
+ 0.45
GXG
EIS
+ 0.36
ECH
EPHE
+ 0.07
THD
  
High negative correlations   
THD
- 0.86
ECH
THD
- 0.84
GXG
EIS
- 0.55
EPHE
EPHE
- 0.2
GXG
EIS
- 0.19
THD
EPHE
- 0.07
ECH

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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