IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Intl
IQLT Etf  USD 40.49  0.33  0.81%   
The current 90-days correlation between iShares MSCI Intl and iShares MSCI Intl is 0.92 (i.e., Almost no 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

Significant diversification

The correlation between iShares MSCI Intl and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Intl and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI Intl. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with IShares Etf

  0.81VEA Vanguard FTSE DevelopedPairCorr
  0.99IEFA iShares Core MSCIPairCorr
  0.99VEU Vanguard FTSE AllPairCorr
  0.82EFA iShares MSCI EAFEPairCorr
  0.99IXUS iShares Core MSCIPairCorr
  1.0SPDW SPDR SP WorldPairCorr
  1.0IDEV iShares Core MSCIPairCorr
  0.99ESGD iShares ESG AwarePairCorr
  0.99JIRE JP Morgan ExchangePairCorr
  0.98DFAX Dimensional WorldPairCorr
  0.9GDXU MicroSectors Gold MinersPairCorr
  0.76JNJ Johnson JohnsonPairCorr
  0.7MCD McDonaldsPairCorr
  0.61TRV The Travelers CompaniesPairCorr
  0.77VZ Verizon CommunicationsPairCorr

Moving against IShares Etf

  0.55MRK Merck CompanyPairCorr
  0.47CAT CaterpillarPairCorr
  0.42AXP American ExpressPairCorr
  0.4HPQ HP IncPairCorr
  0.38DIS Walt DisneyPairCorr
  0.36BAC Bank of AmericaPairCorr

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   
INTF
+ 0.98
IVLU
INTF
+ 0.97
IMTM
IVLU
+ 0.91
IMTM
EMGF
+ 0.88
IMTM
EMGF
+ 0.88
INTF
EMGF
+ 0.85
IVLU
  
High negative correlations   
QUAL
- 0.38
IVLU
QUAL
- 0.23
INTF
QUAL
- 0.16
EMGF
QUAL
- 0.07
IMTM

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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