ProShares MSCI Correlations

EMDV Etf

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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. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares MSCI Correlation With Market

Very weak diversification

The correlation between ProShares MSCI Emerging and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ProShares MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with ProShares Etf

0.63	VTV	Vanguard Value Index	Pair Corr
0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.74	DD	Dupont De Nemours Sell-off Trend	Pair Corr

Moving against ProShares Etf

0.56	HPQ	HP Inc	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.46	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	EUDV	RFEU	SCDS	ESIX	ESMV	EZJ	BRAZ	MCDS	PWER	UGE
EUDV		0.64	0.66	0.65	0.66	0.79	0.47	0.68	0.69	0.63	EUDV
RFEU	0.64		0.78	0.75	0.49	0.81	0.66	0.81	0.87	0.7	RFEU
SCDS	0.66	0.78		0.98	0.65	0.82	0.71	0.97	0.9	0.84	SCDS
ESIX	0.65	0.75	0.98		0.71	0.78	0.66	0.97	0.87	0.82	ESIX
ESMV	0.66	0.49	0.65	0.71		0.59	0.52	0.71	0.65	0.63	ESMV
EZJ	0.79	0.81	0.82	0.78	0.59		0.7	0.81	0.87	0.77	EZJ
BRAZ	0.47	0.66	0.71	0.66	0.52	0.7		0.66	0.88	0.77	BRAZ
MCDS	0.68	0.81	0.97	0.97	0.71	0.81	0.66		0.88	0.77	MCDS
PWER	0.69	0.87	0.9	0.87	0.65	0.87	0.88	0.88		0.84	PWER
UGE	0.63	0.7	0.84	0.82	0.63	0.77	0.77	0.77	0.84		UGE
	EUDV	RFEU	SCDS	ESIX	ESMV	EZJ	BRAZ	MCDS	PWER	UGE

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EUDV	0.61	0.00	(0.06)	(0.52)	0.82	(0.57)	1.17	(1.33)	3.38
RFEU	0.41	0.08	0.05	(1.10)	0.32	(0.56)	0.94	(0.86)	2.44
SCDS	0.80	0.05	0.05	0.09	0.94	(0.87)	1.77	(1.79)	4.82
ESIX	0.80	0.01	0.02	0.06	0.84	(0.90)	1.93	(1.60)	5.10
ESMV	0.51	(0.03)	(0.06)	0.00	0.86	(0.50)	0.83	(0.86)	7.02
EZJ	1.37	0.18	0.07	0.66	1.75	(1.39)	3.27	(3.28)	9.12
BRAZ	1.10	0.36	0.18	0.50	1.43	(1.23)	2.53	(1.96)	9.07
MCDS	0.60	0.01	0.00	0.06	0.70	(0.63)	1.44	(1.28)	3.68
PWER	0.93	0.27	0.19	0.89	0.86	(1.02)	2.09	(1.99)	4.48
UGE	1.17	0.09	0.04	0.30	1.25	(1.36)	2.53	(2.05)	6.54

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