IShares MSCI Correlations

TUR Etf

USD 36.39 0.26 0.71%

The current 90-days correlation between iShares MSCI Turkey and iShares MSCI Thailand is 0.08 (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

Significant diversification

The correlation between iShares MSCI Turkey and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Turkey 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 Turkey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with IShares Etf

0.66	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.61	FNGO	MicroSectors FANG Index	Pair Corr
0.64	MSFT	Microsoft Downward Rally	Pair Corr
0.63	IBM	International Business Upward Rally	Pair Corr

Moving against IShares Etf

0.58	EWY	iShares MSCI South	Pair Corr
0.47	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	THD	ECH	EZA	EIDO	EWW
THD		-0.1	0.9	0.94	0.61	THD
ECH	-0.1		0.17	-0.11	0.49	ECH
EZA	0.9	0.17		0.87	0.79	EZA
EIDO	0.94	-0.11	0.87		0.6	EIDO
EWW	0.61	0.49	0.79	0.6		EWW
	THD	ECH	EZA	EIDO	EWW

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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

EIDO	+ 0.94	THD
EZA	+ 0.9	THD
EIDO	+ 0.87	EZA
EWW	+ 0.79	EZA
EWW	+ 0.61	THD
EWW	+ 0.6	EIDO

High negative correlations

EIDO	- 0.11	ECH
ECH	- 0.1	THD

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
THD	0.97	(0.17)	0.00	(9.79)	0.00	0.00	1.85	(2.11)	5.41
ECH	0.71	0.10	0.01	2.42	0.78	(0.77)	1.56	(1.08)	3.68
EZA	1.09	(0.11)	0.00	(0.69)	0.00	0.00	2.13	(2.70)	7.00
EIDO	0.92	(0.23)	0.00	(1.79)	0.00	0.00	1.73	(2.09)	5.32
EWW	1.10	(0.04)	(0.06)	(0.02)	1.55	(0.97)	1.92	(2.36)	5.43

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