IShares MSCI Correlations

EWS Etf

USD 27.98 0.13 0.46%

The current 90-days correlation between iShares MSCI Singapore and iShares MSCI Malaysia is 0.11 (i.e., Average 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

Very weak diversification

The correlation between iShares MSCI Singapore and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Singapore and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares MSCI Singapore. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with IShares Etf

0.88	EWC	iShares MSCI Canada	Pair Corr
0.89	EWU	iShares MSCI United Sell-off Trend	Pair Corr
0.71	EWY	iShares MSCI South	Pair Corr
0.8	EWA	iShares MSCI Australia	Pair Corr
0.77	EWL	iShares MSCI Switzerland	Pair Corr
0.77	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.76	JNUG	Direxion Daily Junior	Pair Corr
0.67	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	NUGT	Direxion Daily Gold Buyout Trend	Pair Corr
0.62	STCE	Schwab Strategic Trust	Pair Corr
0.67	PSIL	AdvisorShares Psychedelics	Pair Corr
0.74	FMET	Fidelity Metaverse ETF	Pair Corr
0.84	AJUL	Innovator Equity Defined	Pair Corr
0.85	VTI	Vanguard Total Stock	Pair Corr
0.82	HYBB	iShares BB Rated Sell-off Trend	Pair Corr
0.87	PSTR	PeakShares Sector	Pair Corr
0.75	QQQI	NEOS Nasdaq 100	Pair Corr
0.76	SGDJ	Sprott Junior Gold	Pair Corr
0.81	ACWI	iShares MSCI ACWI	Pair Corr
0.74	VGT	Vanguard Information	Pair Corr
0.91	IJR	iShares Core SP	Pair Corr
0.75	GTEK	Goldman Sachs Future	Pair Corr
0.78	FDVV	Fidelity High Dividend	Pair Corr
0.7	EGGY	NestYield Dynamic Income	Pair Corr
0.82	CLIX	ProShares Long Onlin	Pair Corr
0.62	AGQ	ProShares Ultra Silver	Pair Corr
0.81	GDX	VanEck Gold Miners Aggressive Push	Pair Corr
0.8	EMCS	Xtrackers MSCI Emerging Symbol Change	Pair Corr
0.8	CPNS	Calamos ETF Trust	Pair Corr
0.78	TQQQ	ProShares UltraPro QQQ	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.19	0.09	-0.03	0.65	-0.31	-0.48	-0.03	-0.39	-0.2	META
MSFT	0.19		-0.13	-0.14	-0.46	0.03	-0.29	0.01	-0.11	-0.27	MSFT
UBER	0.09	-0.13		0.81	0.11	0.57	-0.46	0.73	0.37	0.64	UBER
F	-0.03	-0.14	0.81		0.05	0.71	-0.46	0.66	0.61	0.61	F
T	0.65	-0.46	0.11	0.05		-0.38	-0.1	-0.02	-0.25	0.03	T
A	-0.31	0.03	0.57	0.71	-0.38		-0.36	0.65	0.72	0.57	A
CRM	-0.48	-0.29	-0.46	-0.46	-0.1	-0.36		-0.28	-0.17	-0.05	CRM
JPM	-0.03	0.01	0.73	0.66	-0.02	0.65	-0.28		0.22	0.82	JPM
MRK	-0.39	-0.11	0.37	0.61	-0.25	0.72	-0.17	0.22		0.27	MRK
XOM	-0.2	-0.27	0.64	0.61	0.03	0.57	-0.05	0.82	0.27		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.82	JPM
F	+ 0.81	UBER
JPM	+ 0.73	UBER
MRK	+ 0.72	A
A	+ 0.71	F
JPM	+ 0.66	F

High negative correlations

CRM	- 0.48	META
CRM	- 0.46	F
CRM	- 0.46	UBER
T	- 0.46	MSFT
MRK	- 0.39	META
A	- 0.38	T

IShares MSCI Competition 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
META	1.29	(0.01)	(0.01)	0.04	1.47	(1.46)	2.18	(2.32)	15.10
MSFT	0.76	(0.01)	(0.03)	0.03	0.95	(0.76)	1.86	(1.64)	6.50
UBER	1.40	0.00	(0.01)	0.05	1.95	(1.33)	3.62	(3.30)	8.86
F	1.12	0.03	0.02	0.07	1.51	(1.19)	2.98	(1.83)	9.82
T	0.84	(0.03)	0.00	0.69	0.00	0.00	1.82	(2.30)	6.47
A	1.47	0.26	0.20	0.21	1.11	(1.69)	3.82	(2.15)	10.46
CRM	1.47	(0.11)	0.00	(0.07)	0.00	0.00	2.76	(3.33)	8.74
JPM	0.82	0.02	0.02	0.07	1.14	(0.81)	1.69	(1.91)	4.93
MRK	1.27	0.01	0.00	0.06	1.37	(1.45)	2.91	(2.36)	9.11
XOM	0.91	(0.04)	0.00	(0.02)	0.00	0.00	1.72	(2.42)	4.70

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