IShares MSCI Correlations

EWS Etf

USD 22.58 0.09 0.40%

The current 90-days correlation between iShares MSCI Singapore and iShares MSCI Malaysia is 0.39 (i.e., 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. 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 Singapore and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Singapore 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 Singapore. 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 together with IShares Etf

0.69	FNGU	MicroSectors FANG Index	Pair Corr
0.85	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.69	FNGO	MicroSectors FANG Index	Pair Corr
0.68	FNGS	MicroSectors FANG ETN	Pair Corr
0.65	QQEW	First Trust NASDAQ	Pair Corr
0.76	AXP	American Express	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.78	BAC	Bank of America	Pair Corr
0.74	T	ATT Inc Earnings Call This Week	Pair Corr
0.78	IBM	International Business Tech Boost	Pair Corr

Moving against IShares Etf

0.53	EWY	iShares MSCI South	Pair Corr
0.56	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.43	KO	Coca Cola Earnings Call This Week	Pair Corr
0.36	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EWM	EWH	EWA	EWT	EWY
EWM		0.73	0.37	0.68	0.34	EWM
EWH	0.73		0.61	0.82	0.59	EWH
EWA	0.37	0.61		0.68	0.64	EWA
EWT	0.68	0.82	0.68		0.65	EWT
EWY	0.34	0.59	0.64	0.65		EWY
	EWM	EWH	EWA	EWT	EWY

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EWM	0.64	(0.11)	(0.33)	1.07	(1.29)	2.87
EWH	0.97	(0.13)	(0.23)	1.69	(2.28)	8.24
EWA	0.78	(0.08)	(0.11)	1.52	(1.71)	6.27
EWT	1.10	(0.17)	(0.21)	1.96	(2.19)	8.66
EWY	1.15	(0.18)	(0.33)	2.82	(2.50)	5.78

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