IShares MSCI Correlations

KWT Etf

USD 32.72 0.10 0.30%

The current 90-days correlation between iShares MSCI Kuwait and iShares MSCI Hong is 0.05 (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

Weak diversification

The correlation between iShares MSCI Kuwait 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 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 against IShares Etf

0.49	EWG	iShares MSCI Germany	Pair Corr
0.33	VTV	Vanguard Value Index	Pair Corr
0.71	VWO	Vanguard FTSE Emerging	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.53	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.5	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.49	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.47	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.37	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.33	T	ATT Inc Aggressive Push	Pair Corr
0.31	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	EWH	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX
EWH		-0.52	0.26	0.0	-0.5	0.87	0.39	0.66	EWH
444859BR2	-0.52		-0.42	0.0	0.35	-0.55	-0.1	-0.62	444859BR2
SCRYY	0.26	-0.42		0.0	-0.17	0.35	0.23	0.45	SCRYY
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.5	0.35	-0.17	0.0		-0.49	-0.41	-0.41	BRRAY
MSTSX	0.87	-0.55	0.35	0.0	-0.49		0.29	0.69	MSTSX
ABHYX	0.39	-0.1	0.23	0.0	-0.41	0.29		0.59	ABHYX
LBHIX	0.66	-0.62	0.45	0.0	-0.41	0.69	0.59		LBHIX
	EWH	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX

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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

MSTSX	+ 0.87	EWH
LBHIX	+ 0.69	MSTSX
LBHIX	+ 0.66	EWH
LBHIX	+ 0.59	ABHYX
LBHIX	+ 0.45	SCRYY
ABHYX	+ 0.39	EWH

High negative correlations

LBHIX	- 0.62	444859BR2
MSTSX	- 0.55	444859BR2
444859BR2	- 0.52	EWH
BRRAY	- 0.5	EWH
MSTSX	- 0.49	BRRAY
SCRYY	- 0.42	444859BR2

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
EWH	1.39	0.07	0.00	0.29	1.98	(1.41)	3.15	(2.67)	12.79
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
SCRYY	2.13	0.29	0.09	1.06	2.03	(2.95)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96

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