Xtrackers MSCI Correlations

KOKU Etf

USD 102.70 0.84 0.82%

The current 90-days correlation between Xtrackers MSCI Kokusai and JPMorgan Fundamental Data is 0.76 (i.e., Poor diversification). The correlation of Xtrackers 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.

Xtrackers MSCI Correlation With Market

Weak diversification

The correlation between Xtrackers MSCI Kokusai and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Kokusai and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI Kokusai. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Xtrackers Etf

0.95	VT	Vanguard Total World	Pair Corr
0.96	ACWI	iShares MSCI ACWI	Pair Corr
0.64	IOO	iShares Global 100	Pair Corr
0.99	URTH	iShares MSCI World	Pair Corr
0.99	CRBN	iShares MSCI ACWI	Pair Corr
0.82	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.96	SPGM	SPDR Portfolio MSCI	Pair Corr
0.63	PMBS	PIMCO Mortgage Backed	Pair Corr
0.91	SIXD	AIM ETF Products	Pair Corr
0.84	CEFD	ETRACS Monthly Pay	Pair Corr
0.61	XCCC	BondBloxx ETF Trust	Pair Corr
0.7	PTNQ	Pacer Trendpilot 100	Pair Corr
0.76	Z	Zillow Group Class	Pair Corr
0.82	IGV	iShares Expanded Tech	Pair Corr
0.71	VUG	Vanguard Growth Index	Pair Corr
0.69	XOUT	GraniteShares XOUT Large	Pair Corr
0.66	FTLS	First Trust LongShort	Pair Corr

Moving against Xtrackers Etf

0.32

VIIX

Pair Corr

Related Correlations Analysis

	MCDS	MCHS	DINT	DISV	PY	VB	VO	MDYG	MDYV
MCDS		-0.01	0.21	0.02	0.91	0.92	0.92	0.91	0.93	MCDS
MCHS	-0.01		0.75	0.56	-0.08	-0.13	-0.1	-0.02	-0.1	MCHS
DINT	0.21	0.75		0.82	0.21	0.08	0.19	0.27	0.16	DINT
DISV	0.02	0.56	0.82		0.16	-0.04	0.09	0.17	0.05	DISV
PY	0.91	-0.08	0.21	0.16		0.93	0.97	0.96	0.96	PY
VB	0.92	-0.13	0.08	-0.04	0.93		0.98	0.97	0.98	VB
VO	0.92	-0.1	0.19	0.09	0.97	0.98		0.98	0.98	VO
MDYG	0.91	-0.02	0.27	0.17	0.96	0.97	0.98		0.98	MDYG
MDYV	0.93	-0.1	0.16	0.05	0.96	0.98	0.98	0.98		MDYV
	MCDS	MCHS	DINT	DISV	PY	VB	VO	MDYG	MDYV

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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

VO	+ 0.98	VB
MDYV	+ 0.98	VB
MDYG	+ 0.98	VO
MDYV	+ 0.98	VO
MDYV	+ 0.98	MDYG
VO	+ 0.97	PY

High negative correlations

VB	- 0.13	MCHS
MDYV	- 0.1	MCHS
VO	- 0.1	MCHS
PY	- 0.08	MCHS
VB	- 0.04	DISV
MDYG	- 0.02	MCHS

Xtrackers MSCI Constituents Risk-Adjusted Indicators

There is a big difference between Xtrackers Etf performing well and Xtrackers 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 Xtrackers 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
MCDS	0.46	0.02	0.01	0.09	0.63	(0.72)	1.26	(1.11)	6.57
MCHS	1.36	(0.04)	0.00	(0.51)	0.00	0.00	3.08	(3.75)	11.86
DINT	0.94	(0.15)	0.00	(0.54)	0.00	0.00	1.81	(2.87)	7.17
DISV	0.62	(0.09)	0.00	(0.30)	0.00	0.00	1.04	(1.69)	3.82
PY	0.58	0.00	(0.02)	0.02	0.70	(0.66)	1.20	(0.88)	6.04
VB	0.77	0.04	0.03	0.11	1.02	(0.76)	1.56	(1.21)	8.20
VO	0.61	0.02	0.01	0.07	0.78	(0.69)	1.37	(1.06)	6.01
MDYG	0.73	0.01	0.00	0.03	1.00	(0.73)	1.51	(1.20)	7.63
MDYV	0.71	0.04	0.03	0.12	0.95	(0.71)	1.52	(1.29)	8.44

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