IShares MSCI Correlations

EWT Etf  USD 50.22  0.06  0.12%   
The current 90-days correlation between iShares MSCI Taiwan and iShares MSCI South is 0.76 (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

Very weak diversification

The correlation between iShares MSCI Taiwan 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 Taiwan 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 Taiwan. 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

  0.72SIXD AIM ETF ProductsPairCorr
  0.65AA Alcoa CorpPairCorr
  0.61AXP American ExpressPairCorr
  0.79HPQ HP IncPairCorr

Moving against IShares Etf

  0.47PMBS PIMCO Mortgage BackedPairCorr
  0.46ULE ProShares Ultra EuroPairCorr
  0.44EWH iShares MSCI HongPairCorr
  0.42FXI iShares China LargePairCorr
  0.41FXY Invesco CurrencySharesPairCorr
  0.4GXC SPDR SP ChinaPairCorr
  0.39YCL ProShares Ultra YenPairCorr
  0.36KWEB KraneShares CSI ChinaPairCorr
  0.36CXSE WisdomTree ChinaPairCorr
  0.36GDXU MicroSectors Gold MinersPairCorr
  0.32CQQQ Invesco China TechnologyPairCorr
  0.57TRV The Travelers CompaniesPairCorr
  0.4T ATT Inc Earnings Call TomorrowPairCorr
  0.37KO Coca ColaPairCorr
  0.33CVX Chevron CorpPairCorr

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   
EWSEWY
EWSEWH
EWAEWM
EWHEWY
EWAEWY
EWAEWS
  
High negative correlations   
EWAEWH
EWMEWH
EWMEWS
EWMEWY

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.