IShares MSCI Correlations

SCJ Etf

USD 75.32 1.32 1.78%

The current 90-days correlation between iShares MSCI Japan and iShares MSCI Israel is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Japan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Modest diversification

The correlation between iShares MSCI Japan and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Japan and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in iShares MSCI Japan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with IShares Etf

0.84	EWJ	iShares MSCI Japan	Pair Corr
0.84	BBJP	JPMorgan BetaBuilders	Pair Corr
0.97	FLJP	Franklin FTSE Japan	Pair Corr
0.83	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.74	JPXN	iShares JPX Nikkei	Pair Corr
0.62	QQEW	First Trust NASDAQ	Pair Corr

Related Correlations Analysis

	DFJ	EIS	TOK	EWGS	ECNS
DFJ		0.0	0.61	0.0	0.62	DFJ
EIS	0.0		0.4	0.0	-0.18	EIS
TOK	0.61	0.4		0.0	0.31	TOK
EWGS	0.0	0.0	0.0		0.0	EWGS
ECNS	0.62	-0.18	0.31	0.0		ECNS
	DFJ	EIS	TOK	EWGS	ECNS

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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

ECNS	+ 0.62	DFJ
TOK	+ 0.61	DFJ
TOK	+ 0.4	EIS
ECNS	+ 0.31	TOK
EIS	+ 0.0	DFJ
EWGS	+ 0.0	DFJ

High negative correlations

ECNS	- 0.18	EIS
ECNS	- 0.0	EWGS
EWGS	- 0.0	TOK
EWGS	- 0.0	EIS
EWGS	- 0.0	DFJ
EIS	- 0.0	DFJ

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
DFJ	0.62	0.02	(0.06)	0.17	0.73	(0.69)	1.38	(1.37)	4.47
EIS	0.82	0.27	0.20	1.43	0.72	(0.94)	1.71	(1.52)	4.06
TOK	0.57	0.04	(0.01)	0.17	0.76	(0.54)	1.16	(1.13)	4.15
EWGS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECNS	1.28	(0.02)	0.00	(0.16)	0.00	0.00	2.31	(2.34)	11.63

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