IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Taiwan
EWT Etf  USD 53.74  0.09  0.17%   
The current 90-days correlation between iShares MSCI Taiwan and iShares MSCI South is 0.73 (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 Taiwan and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Taiwan 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 Taiwan. 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

  0.64FXI iShares China Large Aggressive PushPairCorr
  0.61KONG Formidable Fortress ETFPairCorr
  0.7SPY SPDR SP 500PairCorr
  0.65PPA Invesco Aerospace DefensePairCorr
  0.65INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.74CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.76HPQ HP IncPairCorr
  0.68CSCO Cisco SystemsPairCorr
  0.61HD Home DepotPairCorr

Moving against IShares Etf

  0.56HUM Humana Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.39MKC McCormick Company Fiscal Year End 23rd of January 2025 PairCorr
  0.56PG Procter GamblePairCorr
  0.32JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.32KO Coca Cola Aggressive PushPairCorr

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   
EWA
+ 0.77
EWM
EWM
+ 0.64
EWY
EWS
+ 0.6
EWH
EWA
+ 0.57
EWS
EWA
+ 0.55
EWH
EWA
+ 0.35
EWY
  
High negative correlations   
EWS
- 0.51
EWY
EWH
- 0.17
EWY

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.

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