| EWS Etf | | | USD 22.70 0.03 0.13% |
The current 90-days correlation between iShares MSCI Singapore and iShares MSCI Malaysia 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
Modest diversification
The correlation between iShares MSCI Singapore and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Singapore and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI Singapore. 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.