Xtrackers MSCI Correlations

Etfs . Switzerland . 
Etf . Xtrackers MSCI EMU
XZEZ Etf  CHF 76.59  0.72  0.95%   
The current 90-days correlation between Xtrackers MSCI EMU and Xtrackers MSCI USA is 0.16 (i.e., Average 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

Modest diversification

The correlation between Xtrackers MSCI EMU and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI EMU and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xtrackers MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers MSCI EMU to buy it.

Moving together with Xtrackers Etf

  0.78EIMI iShares Core MSCIPairCorr
  0.98MSE Lyxor UCITS StoxxPairCorr
  0.88IEAC iShares Core CorpPairCorr
  0.89IEMB iShares JP MorganPairCorr
  0.76TDXPEX iShares TecDAX UCITSPairCorr
  0.71RGRTU Raiffeisen ETF SolidPairCorr
  0.84SAJP iShares MSCI JapanPairCorr
  0.72RGLDOH Raiffeisen ETF SolidPairCorr
  0.75UST1F UBSFund SolutionsPairCorr
  0.71CHSPI iShares Core SPIPairCorr
  0.7CSWCHF Amundi Index SolutionsPairCorr
  0.7SPICHA UBS ETF SPIPairCorr
  0.72ZGLDHG ZKB Gold ETFPairCorr
  0.8ZSILHE ZKB Silver ETFPairCorr
  0.72RGLDSH Raiffeisen ETF SolidPairCorr
  0.74ZGLDHE ZKB Gold ETFPairCorr
  0.77LYHLT Multi Units LuxembourgPairCorr
  0.69XSMI Xtrackers SwitzerlandPairCorr
  0.79XGBU Xtrackers USD CorporatePairCorr
  0.95SMCX SPDR MSCI EuropePairCorr
  0.77100GBA UBSFund Solutions FTSEPairCorr
  0.74CBUS5 UBSFund SolutionsPairCorr
  0.73LYLVD MULTI UNITS LUXEMBOURGPairCorr
  0.78JREE JPMorgan ETFs ICAVPairCorr
  0.89IUHC iShares SP 500PairCorr
  0.94STTX SPDR MSCI EuropePairCorr
  0.73SXLV SPDR SP HealthPairCorr
  0.65SGPDU UBSFund Solutions MSCIPairCorr
  0.74ZGLDHC ZKB Gold ETFPairCorr
  0.74SHEME UBSFund SolutionsPairCorr

Moving against Xtrackers Etf

  0.47CSNKY iShares VII PLCPairCorr
  0.39FSMF Fidelity SustainablePairCorr

Related Correlations Analysis

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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   
JPM
+ 0.89
META
CRM
+ 0.89
MSFT
T
+ 0.8
UBER
CRM
+ 0.75
A
UBER
+ 0.66
META
A
+ 0.65
MSFT
  
High negative correlations   
MRK
- 0.86
UBER
T
- 0.77
MSFT
MRK
- 0.77
META
MRK
- 0.68
T
CRM
- 0.68
T
MRK
- 0.65
JPM

Xtrackers MSCI Competition 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.61  0.01  0.00 (0.08) 0.00 
 0.00 
 2.57 
(3.73)
 8.90 
MSFT  1.11 (0.15) 0.00 (0.32) 0.00 
 0.00 
 2.58 
(2.14)
 10.31 
UBER  1.94  0.22  0.10  0.31  2.41 
(2.00)
 4.72 
(3.30)
 12.75 
F  1.44  0.07  0.00 (0.03) 0.00 
 0.00 
 2.71 
(2.89)
 10.14 
T  1.05  0.26  0.17  0.38  1.59 
(1.13)
 1.90 
(1.75)
 11.66 
A  1.13 (0.12) 0.00 (0.22) 0.00 
 0.00 
 2.92 
(2.59)
 9.03 
CRM  1.42 (0.23) 0.00 (0.30) 0.00 
 0.00 
 2.72 
(3.81)
 8.88 
JPM  1.09  0.06  0.00 (0.04) 0.00 
 0.00 
 1.99 
(3.35)
 6.85 
MRK  1.17 (0.07) 0.00  1.31  0.00 
 0.00 
 2.07 
(1.80)
 11.58 
XOM  1.05  0.07  0.09  0.06  1.38 
(1.09)
 2.55 
(2.36)
 5.89 

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Our tools can tell you how much better you can do entering a position in Xtrackers MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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