IShares MSCI Correlations

EZA Etf

USD 65.89 1.03 1.59%

The current 90-days correlation between iShares MSCI South and Strategy Shares is 0.36 (i.e., Weak 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.

IShares MSCI Correlation With Market

Weak diversification

The correlation between iShares MSCI South 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 South 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 South. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with IShares Etf

0.85	BBCA	JPMorgan BetaBuilders	Pair Corr
0.88	EWC	iShares MSCI Canada	Pair Corr
0.66	EWU	iShares MSCI United	Pair Corr
0.77	EWY	iShares MSCI South	Pair Corr
0.61	EWL	iShares MSCI Switzerland	Pair Corr
0.67	KSA	iShares MSCI Saudi	Pair Corr
0.76	EWQ	iShares MSCI France	Pair Corr
0.73	EWW	iShares MSCI Mexico	Pair Corr
0.63	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.84	PULS	PGIM Ultra Short	Pair Corr
0.85	CPSR	Calamos SP 500	Pair Corr
0.78	LCAP	Principal Capital	Pair Corr
0.77	TCAI	Tortoise Capital Series	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.76	INTC	Intel Aggressive Push	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.73	IBM	International Business	Pair Corr

Moving against IShares Etf

0.64	JEM	707 Cayman Holdings	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.72	T	ATT Inc	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.62	BA	Boeing	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.53	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.43	0.58	-0.73	0.71	-0.73	0.37	-0.18	-0.73	-0.67	META
MSFT	0.43		0.7	0.02	-0.17	0.06	0.55	0.26	-0.33	-0.18	MSFT
UBER	0.58	0.7		-0.32	0.26	-0.44	0.41	0.39	-0.68	-0.37	UBER
F	-0.73	0.02	-0.32		-0.75	0.79	-0.02	0.27	0.63	0.72	F
T	0.71	-0.17	0.26	-0.75		-0.91	0.0	-0.19	-0.57	-0.5	T
A	-0.73	0.06	-0.44	0.79	-0.91		-0.09	0.13	0.72	0.53	A
CRM	0.37	0.55	0.41	-0.02	0.0	-0.09		-0.11	-0.44	-0.32	CRM
JPM	-0.18	0.26	0.39	0.27	-0.19	0.13	-0.11		-0.21	0.32	JPM
MRK	-0.73	-0.33	-0.68	0.63	-0.57	0.72	-0.44	-0.21		0.56	MRK
XOM	-0.67	-0.18	-0.37	0.72	-0.5	0.53	-0.32	0.32	0.56		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

A	+ 0.79	F
XOM	+ 0.72	F
MRK	+ 0.72	A
T	+ 0.71	META
UBER	+ 0.7	MSFT
MRK	+ 0.63	F

High negative correlations

A	- 0.91	T
T	- 0.75	F
MRK	- 0.73	META
A	- 0.73	META
F	- 0.73	META
MRK	- 0.68	UBER

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	1.25	(0.32)	0.00	(0.36)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.12)	0.00	(0.13)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.20)	0.00	0.00	3.34	(3.30)	10.91
F	1.45	0.15	0.09	0.12	1.67	(1.64)	3.38	(2.35)	16.30
T	0.99	(0.17)	0.00	(0.42)	0.00	0.00	1.84	(2.32)	6.25
A	1.28	0.34	0.24	0.29	1.08	(1.44)	3.93	(2.15)	11.03
CRM	1.60	(0.14)	0.00	(0.11)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	(0.01)	0.00	0.01	1.32	(0.80)	1.67	(1.91)	5.76
MRK	1.31	0.22	0.16	0.40	1.13	(1.71)	3.84	(2.36)	11.45
XOM	0.92	0.07	0.04	0.38	1.11	(0.87)	1.77	(1.93)	4.63

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