IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Malaysia
EWM Etf  USD 23.00  0.15  0.65%   
The current 90-days correlation between iShares MSCI Malaysia and iShares MSCI Singapore 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 Malaysia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI Malaysia and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Malaysia 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 Malaysia. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

  0.65EWA iShares MSCI AustraliaPairCorr
  0.72VTI Vanguard Total StockPairCorr
  0.72SPY SPDR SP 500PairCorr
  0.72IVV iShares Core SP Sell-off TrendPairCorr
  0.76VUG Vanguard Growth IndexPairCorr
  0.66VB Vanguard Small CapPairCorr
  0.69DIS Walt DisneyPairCorr
  0.8HPQ HP IncPairCorr

Moving against IShares Etf

  0.48EWG iShares MSCI GermanyPairCorr
  0.44BND Vanguard Total Bond Sell-off TrendPairCorr
  0.43EWQ iShares MSCI FrancePairCorr
  0.42EWL iShares MSCI SwitzerlandPairCorr
  0.4EWU iShares MSCI UnitedPairCorr
  0.38GDXU MicroSectors Gold MinersPairCorr
  0.33VEA Vanguard FTSE DevelopedPairCorr
  0.54TRV The Travelers CompaniesPairCorr
  0.34MMM 3M CompanyPairCorr
  0.34KO Coca ColaPairCorr

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   
EWD
+ 0.97
EWS
EWH
+ 0.73
EWS
EWD
+ 0.73
EWH
EWA
+ 0.66
EWT
EWA
+ 0.07
EWS
EWD
+ 0.04
EWA
  
High negative correlations   
EWH
- 0.5
EWA
EWH
- 0.44
EWT
EWD
- 0.31
EWT
EWT
- 0.22
EWS

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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