HSBC MSCI Correlations
| HKOR Etf | USD 110.66 1.58 1.45% |
The current 90-days correlation between HSBC MSCI KOREA and Xtrackers MSCI Korea is -0.06 (i.e., Good diversification). The correlation of HSBC 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.
HSBC MSCI Correlation With Market
Poor diversification
The correlation between HSBC MSCI KOREA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HSBC MSCI KOREA and DJI in the same portfolio, assuming nothing else is changed.
HSBC |
The ability to find closely correlated positions to HSBC MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSBC MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HSBC MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HSBC MSCI KOREA to buy it.
Moving together with HSBC Etf
| 0.98 | IKOR | iShares MSCI Korea | PairCorr |
| 1.0 | LYKRW | Lyxor MSCI Korea | PairCorr |
| 0.91 | XMKO | Xtrackers MSCI Korea | PairCorr |
| 0.84 | ZSILUS | ZKB Silver ETF | PairCorr |
| 0.83 | ZSILHC | ZKB Silver ETF | PairCorr |
| 0.83 | ZSILHE | ZKB Silver ETF | PairCorr |
| 0.84 | SVUSA | UBS ETF Silver | PairCorr |
| 0.86 | GGMUSY | UBS ETF plc | PairCorr |
| 0.82 | ZSIL | ZKB Silver ETF | PairCorr |
| 0.85 | GDXJ | VanEck Junior Gold | PairCorr |
| 0.87 | AUCO | LG Gold Mining | PairCorr |
| 0.9 | MAGB | Market Access NYSE | PairCorr |
| 0.86 | EUN | iShares STOXX Europe | PairCorr |
| 0.78 | XESC | Xtrackers Euro Stoxx | PairCorr |
| 0.95 | XMME | Xtrackers MSCI Emerging | PairCorr |
| 0.71 | LYSP5 | Lyxor SP 500 | PairCorr |
| 0.69 | STHC | PIMCO Short Term | PairCorr |
| 0.72 | XMEX | Xtrackers MSCI Mexico | PairCorr |
| 0.94 | EMUM | iShares MSCI EMU | PairCorr |
| 0.74 | HYLC | iShares Global High | PairCorr |
| 0.86 | AWESGG | UBS MSCI ACWI | PairCorr |
| 0.96 | XLBS | Invesco Materials | PairCorr |
| 0.9 | XMCJ | Xtrackers MSCI Japan | PairCorr |
| 0.95 | ZGLDEU | ZKB Gold ETF | PairCorr |
| 0.93 | RGRT | Raiffeisen ETF Solid | PairCorr |
| 0.68 | USGBPA | UBS ETF plc | PairCorr |
| 0.72 | XEOU | Xtrackers MSCI Europe | PairCorr |
| 0.9 | FTAD | SPDR FTSE UK | PairCorr |
| 0.73 | VAPU | Vanguard FTSE Developed | PairCorr |
| 0.93 | USMUFE | UBS ETF plc | PairCorr |
| 0.75 | USCR | SPDR Bloomberg SASB | PairCorr |
| 0.92 | CSNKY | iShares VII PLC | PairCorr |
| 0.7 | GDX | VanEck Gold Miners | PairCorr |
| 0.73 | DMFC | iShares Edge MSCI | PairCorr |
| 0.76 | XDUE | Xtrackers MSCI EMU | PairCorr |
Moving against HSBC Etf
Related Correlations Analysis
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
| High negative correlations
|
HSBC MSCI Constituents Risk-Adjusted Indicators
There is a big difference between HSBC Etf performing well and HSBC 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 HSBC 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IKOR | 1.69 | 0.61 | 0.22 | (2.83) | 1.47 | 4.30 | 14.94 | |||
| CSKR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LYKRW | 1.56 | 0.61 | 0.26 | (2.02) | 1.16 | 4.55 | 12.69 | |||
| XMKO | 1.61 | 0.39 | 0.18 | (18.65) | 1.42 | 4.16 | 11.03 | |||
| HKOR | 1.58 | 0.61 | 0.27 | (2.55) | 1.40 | 4.26 | 12.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HSBC MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Price Ceiling Movement Now
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments |
| All Next | Launch Module |