IShares MSCI Correlations

KWT Etf

USD 34.18 0.01 0.03%

The current 90-days correlation between iShares MSCI Kuwait and First Trust Global is 0.03 (i.e., Significant 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

Average diversification

The correlation between iShares MSCI Kuwait and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Kuwait 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 iShares MSCI Kuwait. 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

0.65	EWG	iShares MSCI Germany	Pair Corr
0.65	KSA	iShares MSCI Saudi	Pair Corr
0.61	FNGU	MicroSectors FANG Index	Pair Corr
0.67	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.62	FNGO	MicroSectors FANG Index	Pair Corr
0.65	FNGS	MicroSectors FANG ETN	Pair Corr
0.85	GRN	iPath Series B	Pair Corr
0.62	FBGX	UBS	Pair Corr
0.64	GE	GE Aerospace	Pair Corr
0.83	AXP	American Express	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr

Moving against IShares Etf

0.47	URNM	Sprott Uranium Miners	Pair Corr
0.32	EWY	iShares MSCI South	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.52	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.51	MRK	Merck Company Earnings Call This Week	Pair Corr
0.45	KO	Coca Cola Earnings Call This Week	Pair Corr
0.44	MCD	McDonalds Earnings Call This Week	Pair Corr
0.4	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	FAN	NLR	PBD	TAN	EVX
FAN		0.5	0.84	0.87	0.63	FAN
NLR	0.5		0.28	0.3	0.69	NLR
PBD	0.84	0.28		0.87	0.41	PBD
TAN	0.87	0.3	0.87		0.42	TAN
EVX	0.63	0.69	0.41	0.42		EVX
	FAN	NLR	PBD	TAN	EVX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FAN	0.95	(0.25)	0.00	(0.61)	0.00	0.00	1.79	(2.55)	7.45
NLR	1.69	(0.04)	(0.04)	0.00	2.49	(1.80)	3.89	(3.33)	15.96
PBD	1.32	(0.20)	0.00	(0.82)	0.00	0.00	2.30	(2.96)	8.12
TAN	2.03	(0.12)	0.00	(0.36)	0.00	0.00	4.06	(3.58)	15.52
EVX	0.68	(0.08)	0.00	(0.11)	0.00	0.00	1.36	(1.30)	4.87

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