IShares MSCI Correlations

TOK Etf

USD 115.23 0.15 0.13%

The current 90-days correlation between iShares MSCI Kokusai and iShares MSCI Japan is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Kokusai moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Good diversification

The correlation between iShares MSCI Kokusai and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Kokusai and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI Kokusai. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with IShares Etf

0.97	VT	Vanguard Total World	Pair Corr
0.98	ACWI	iShares MSCI ACWI	Pair Corr
0.77	IOO	iShares Global 100	Pair Corr
1.0	URTH	iShares MSCI World	Pair Corr
0.98	CRBN	iShares MSCI ACWI	Pair Corr
1.0	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.99	SPGM	SPDR Portfolio MSCI	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.76	AXP	American Express	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr

Moving against IShares Etf

0.36

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	SCJ	RXI	EXI	GBF	JXI
SCJ		-0.23	0.67	0.83	0.86	SCJ
RXI	-0.23		0.33	-0.2	-0.09	RXI
EXI	0.67	0.33		0.61	0.74	EXI
GBF	0.83	-0.2	0.61		0.79	GBF
JXI	0.86	-0.09	0.74	0.79		JXI
	SCJ	RXI	EXI	GBF	JXI

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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

JXI	+ 0.86	SCJ
GBF	+ 0.83	SCJ
JXI	+ 0.79	GBF
JXI	+ 0.74	EXI
EXI	+ 0.67	SCJ
GBF	+ 0.61	EXI

High negative correlations

RXI	- 0.23	SCJ
GBF	- 0.2	RXI
JXI	- 0.09	RXI

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCJ	0.62	0.13	0.27	(5.53)	0.55	(0.70)	1.36	(1.10)	3.47
RXI	0.88	(0.08)	0.00	1.15	0.00	0.00	1.61	(1.50)	5.31
EXI	0.75	0.06	0.14	1.89	0.86	(0.81)	1.30	(1.33)	4.91
GBF	0.22	0.04	0.38	0.72	0.10	(0.24)	0.53	(0.36)	1.31
JXI	0.66	0.10	0.18	1.50	0.72	(0.71)	1.52	(1.31)	3.96

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