IShares MSCI Correlations

EWM Etf

USD 23.42 0.53 2.21%

The current 90-days correlation between iShares MSCI Malaysia and iShares MSCI Singapore is 0.39 (i.e., 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 Malaysia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Malaysia and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Malaysia 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 Malaysia. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving against IShares Etf

0.53	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.49	GRN	iPath Series B	Pair Corr
0.34	FNGS	MicroSectors FANG ETN	Pair Corr
0.32	FBGX	UBS	Pair Corr
0.51	JPM	JPMorgan Chase	Pair Corr
0.45	AXP	American Express	Pair Corr
0.43	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	EWS	EWT	EWA	EWH	EWD
EWS		-0.31	0.04	-0.45	-0.08	EWS
EWT	-0.31		0.68	0.82	0.4	EWT
EWA	0.04	0.68		0.61	0.39	EWA
EWH	-0.45	0.82	0.61		0.49	EWH
EWD	-0.08	0.4	0.39	0.49		EWD
	EWS	EWT	EWA	EWH	EWD

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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

EWH	+ 0.82	EWT
EWA	+ 0.68	EWT
EWH	+ 0.61	EWA
EWD	+ 0.49	EWH
EWD	+ 0.4	EWT
EWD	+ 0.39	EWA

High negative correlations

EWH	- 0.45	EWS
EWT	- 0.31	EWS
EWD	- 0.08	EWS

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
EWS	0.57	0.07	0.02	0.27	0.77	(0.61)	1.23	(1.04)	6.58
EWT	1.10	(0.17)	0.00	(0.21)	0.00	0.00	1.96	(2.19)	8.66
EWA	0.78	(0.08)	0.00	(0.11)	0.00	0.00	1.52	(1.71)	6.27
EWH	0.97	(0.13)	0.00	(0.23)	0.00	0.00	1.69	(2.28)	8.24
EWD	0.83	0.00	(0.04)	0.00	1.22	(0.79)	1.72	(1.91)	6.65

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