IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI China
MCHI Etf  USD 55.65  1.04  1.83%   
The current 90-days correlation between iShares MSCI China and KraneShares CSI China is 0.97 (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.

IShares MSCI Correlation With Market

Average diversification

The correlation between iShares MSCI China and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI China and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with IShares Etf

  0.99KWEB KraneShares CSI ChinaPairCorr
  1.0FXI iShares China LargePairCorr
  0.79ASHR Xtrackers Harvest CSIPairCorr
  1.0GXC SPDR SP ChinaPairCorr
  0.98CQQQ Invesco China TechnologyPairCorr
  1.0CXSE WisdomTree ChinaPairCorr
  0.9EWH iShares MSCI HongPairCorr
  0.84KBA KraneShares Bosera MSCIPairCorr
  0.75CNYA iShares MSCI ChinaPairCorr
  0.91PMBS PIMCO Mortgage BackedPairCorr
  0.91YCL ProShares Ultra YenPairCorr
  0.93FXY Invesco CurrencySharesPairCorr
  0.79ULE ProShares Ultra EuroPairCorr
  0.85GDXU MicroSectors Gold MinersPairCorr
  0.85MCD McDonaldsPairCorr
  0.65PG Procter GamblePairCorr
  0.94T ATT Inc Earnings Call TomorrowPairCorr
  0.67GE GE AerospacePairCorr
  0.77IBM International BusinessPairCorr
  0.94KO Coca ColaPairCorr
  0.77TRV The Travelers CompaniesPairCorr

Moving against IShares Etf

  0.4EWT iShares MSCI TaiwanPairCorr
  0.33SIXD AIM ETF ProductsPairCorr
  0.69AA Alcoa CorpPairCorr
  0.65AXP American ExpressPairCorr
  0.61HD Home DepotPairCorr
  0.6DIS Walt DisneyPairCorr
  0.6BAC Bank of AmericaPairCorr
  0.58HPQ HP IncPairCorr
  0.31BA BoeingPairCorr

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   
CQQQ
+ 0.99
KWEB
GXC
+ 0.99
KWEB
GXC
+ 0.98
CQQQ
ASHR
+ 0.81
CQQQ
GXC
+ 0.81
ASHR
ASHR
+ 0.79
KWEB
  
High negative correlations   
INDA
- 0.7
CQQQ
INDA
- 0.69
KWEB
GXC
- 0.67
INDA
ASHR
- 0.3
INDA

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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