IShares MSCI Correlations

UAE Etf

USD 15.55 0.06 0.39%

The current 90-days correlation between iShares MSCI UAE and iShares MSCI Qatar is 0.47 (i.e., Very weak 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

Modest diversification

The correlation between iShares MSCI UAE and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI UAE 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 UAE. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

0.64

WTMF

WisdomTree Managed

Pair Corr

Moving against IShares Etf

0.56	EWL	iShares MSCI Switzerland	Pair Corr
0.5	EWW	iShares MSCI Mexico	Pair Corr
0.45	EWQ	iShares MSCI France	Pair Corr
0.44	EWU	iShares MSCI United	Pair Corr
0.44	EWY	iShares MSCI South	Pair Corr
0.42	EWG	iShares MSCI Germany	Pair Corr
0.57	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.5	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.46	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	QAT	KSA	ENZL	EFNL	EIRL
QAT		0.13	-0.33	-0.12	-0.26	QAT
KSA	0.13		0.25	0.6	0.5	KSA
ENZL	-0.33	0.25		0.64	0.8	ENZL
EFNL	-0.12	0.6	0.64		0.91	EFNL
EIRL	-0.26	0.5	0.8	0.91		EIRL
	QAT	KSA	ENZL	EFNL	EIRL

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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

EIRL	+ 0.91	EFNL
EIRL	+ 0.8	ENZL
EFNL	+ 0.64	ENZL
EFNL	+ 0.6	KSA
EIRL	+ 0.5	KSA
ENZL	+ 0.25	KSA

High negative correlations

ENZL	- 0.33	QAT
EIRL	- 0.26	QAT
EFNL	- 0.12	QAT

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
QAT	0.63	0.00	(0.09)	0.13	0.75	(0.71)	1.55	(1.10)	5.14
KSA	0.54	(0.09)	0.00	(0.20)	0.00	0.00	1.66	(1.29)	3.23
ENZL	0.76	(0.07)	0.00	(0.06)	0.00	0.00	2.03	(1.35)	4.44
EFNL	0.73	(0.18)	0.00	(0.64)	0.00	0.00	1.52	(1.59)	5.08
EIRL	0.75	(0.27)	0.00	(0.48)	0.00	0.00	1.14	(1.97)	4.82

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