ProShares MSCI Correlations

Etfs . USA . 
Etf . ProShares MSCI EAFE
EFAD Etf  USD 38.28  0.35  0.91%   
The current 90-days correlation between ProShares MSCI EAFE and ProShares MSCI Emerging is 0.58 (i.e., Very weak diversification). The correlation of ProShares 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.

ProShares MSCI Correlation With Market

Weak diversification

The correlation between ProShares MSCI EAFE and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares MSCI EAFE and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares MSCI EAFE. 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 ProShares Etf

  0.89VEA Vanguard FTSE DevelopedPairCorr
  0.82IEFA iShares Core MSCIPairCorr
  0.88VEU Vanguard FTSE AllPairCorr
  0.81EFA iShares MSCI EAFEPairCorr
  0.88IXUS iShares Core MSCIPairCorr
  0.85SPDW SPDR SP WorldPairCorr
  0.83IDEV iShares Core MSCIPairCorr
  0.84ESGD iShares ESG AwarePairCorr
  0.81JIRE JP Morgan ExchangePairCorr
  0.94DFAX Dimensional WorldPairCorr
  0.74BND Vanguard Total Bond Sell-off TrendPairCorr
  0.65HPQ HP IncPairCorr
  0.82DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.64VZ Verizon CommunicationsPairCorr
  0.73KO Coca Cola Earnings Call This WeekPairCorr

Moving against ProShares Etf

  0.52BA BoeingPairCorr
  0.39CSCO Cisco SystemsPairCorr
  0.35AXP American ExpressPairCorr
  0.33DIS Walt Disney Earnings Call This WeekPairCorr

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   
REGL
+ 0.94
SMDV
EUDV
+ 0.67
EMDV
SMDV
+ 0.51
EMDV
REGL
+ 0.39
EUDV
SMDV
+ 0.38
EUDV
REGL
+ 0.29
EMDV
  
High negative correlations   
IGHG
- 0.78
EMDV
IGHG
- 0.52
EUDV
IGHG
- 0.4
SMDV
IGHG
- 0.23
REGL

ProShares MSCI Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares 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 ProShares 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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