IShares MSCI Correlations

EPP Etf

USD 47.27 0.26 0.55%

The current 90-days correlation between iShares MSCI Pacific and iShares Latin America is 0.62 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI Pacific and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Pacific 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 iShares MSCI Pacific. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with IShares Etf

0.99	BBAX	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.87	AAXJ	iShares MSCI All	Pair Corr
0.82	AIA	iShares Asia 50	Pair Corr
0.85	GMF	SPDR SP Emerging	Pair Corr
0.87	FLAX	Franklin FTSE Asia	Pair Corr
0.99	DVYA	iShares AsiaPacific	Pair Corr
0.91	FPA	First Trust Asia	Pair Corr
0.82	MINV	Matthews Asia Innovators	Pair Corr
0.89	ADIV	SmartETFs Asia Pacific	Pair Corr
0.74	EWC	iShares MSCI Canada	Pair Corr
0.77	IDU	iShares Utilities ETF	Pair Corr
0.69	IDGT	iShares Trust Symbol Change	Pair Corr
0.64	DSTL	Distillate Fundamental	Pair Corr

Moving against IShares Etf

0.67

HUM

Humana Inc Fiscal Year End 23rd of January 2025

Pair Corr

Related Correlations Analysis

	ILF	IEV	EWM	EWD	EWA
ILF		0.93	0.74	0.9	0.44	ILF
IEV	0.93		0.81	0.95	0.47	IEV
EWM	0.74	0.81		0.89	0.75	EWM
EWD	0.9	0.95	0.89		0.64	EWD
EWA	0.44	0.47	0.75	0.64		EWA
	ILF	IEV	EWM	EWD	EWA

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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
ILF	0.80	(0.20)	0.00	(0.31)	0.00	0.00	1.32	(1.85)	4.46
IEV	0.66	(0.17)	0.00	(0.32)	0.00	0.00	1.47	(1.59)	4.03
EWM	0.67	(0.08)	0.00	(0.20)	0.00	0.00	1.42	(1.31)	3.50
EWD	0.86	(0.19)	0.00	(0.26)	0.00	0.00	2.09	(1.91)	6.65
EWA	0.79	(0.02)	(0.07)	0.06	0.83	(0.91)	2.00	(1.64)	4.96

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