MSCI Correlations

Stocks . USA . 
Stock . MSCI Inc
MSCI Stock  USD 568.70  2.73  0.48%   
The current 90-days correlation between MSCI Inc and Moodys is 0.61 (i.e., Poor diversification). The correlation of 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.

MSCI Correlation With Market

Very weak diversification

The correlation between MSCI Inc and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MSCI Inc 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 MSCI Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with MSCI Stock

  0.81FDS FactSet Research Systems Earnings Call TomorrowPairCorr
  0.85MORN MorningstarPairCorr
  0.66BTOG Bit OriginPairCorr
  0.77COIN Coinbase GlobalPairCorr
  0.69DHIL Diamond Hill InvestmentPairCorr
  0.83AX Axos FinancialPairCorr
  0.61BN Brookfield CorpPairCorr
  0.92BX Blackstone Group Normal TradingPairCorr
  0.64BY Byline BancorpPairCorr
  0.76CG Carlyle GroupPairCorr
  0.88CM Canadian Imperial BankPairCorr
  0.67KB KB Financial GroupPairCorr
  0.86LC LendingClub CorpPairCorr

Moving against MSCI Stock

  0.79CME CME GroupPairCorr
  0.62CBOE Cboe Global Markets Low VolatilityPairCorr
  0.58ICE Intercontinental ExchangePairCorr
  0.52V Visa Class APairCorr
  0.48MKTW MarketwisePairCorr
  0.67DB Deutsche Bank AG Buyout TrendPairCorr
  0.65GL Globe LifePairCorr
  0.35CB ChubbPairCorr
  0.72LX Lexinfintech HoldingsPairCorr
  0.45LU Lufax HoldingPairCorr
  0.44PT Pintec TechnologyPairCorr
  0.32HG Hamilton Insurance Group,PairCorr

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   
SPGI
+ 0.94
MCO
NDAQ
+ 0.9
MCO
CME
+ 0.9
ICE
SPGI
+ 0.79
NDAQ
SPGI
+ 0.55
ICE
MORN
+ 0.55
NDAQ
  
High negative correlations   
MORN
- 0.8
CME
MORN
- 0.57
ICE
NDAQ
- 0.22
CME
CME
- 0.02
MCO

Risk-Adjusted Indicators

There is a big difference between MSCI Stock performing well and MSCI Company 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 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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