IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI China
MCHI Etf  USD 61.35  1.05  1.74%   
The current 90-days correlation between iShares MSCI China and KraneShares CSI China is 0.91 (i.e., Almost no 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 China and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI China and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with IShares Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares MSCI China. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with IShares Etf

  0.98KWEB KraneShares CSI China Aggressive PushPairCorr
  0.97FXI iShares China LargePairCorr
  0.74EWT iShares MSCI TaiwanPairCorr
  0.95ASHR Xtrackers Harvest CSIPairCorr
  1.0GXC SPDR SP ChinaPairCorr
  0.97CQQQ Invesco China TechnologyPairCorr
  0.99CXSE WisdomTree ChinaPairCorr
  0.94EWH iShares MSCI HongPairCorr
  0.94KBA KraneShares Bosera MSCIPairCorr
  0.96CNYA iShares MSCI ChinaPairCorr
  0.86WGMI Valkyrie Bitcoin MinersPairCorr
  0.74AMPD Tidal ETF ServicesPairCorr
  0.84PMBS PIMCO Mortgage BackedPairCorr
  0.77ITWO Proshares Russell 2000PairCorr
  0.63MSFT MicrosoftPairCorr
  0.75JPM JPMorgan ChasePairCorr
  0.79CAT CaterpillarPairCorr
  0.73MRK Merck Company Aggressive PushPairCorr
  0.67MCD McDonaldsPairCorr
  0.73BAC Bank of AmericaPairCorr
  0.95JNJ Johnson Johnson Sell-off TrendPairCorr
  0.87HD Home DepotPairCorr
  0.72VZ Verizon Communications Aggressive PushPairCorr
  0.82HPQ HP IncPairCorr
  0.83CVX Chevron CorpPairCorr

Moving against IShares Etf

  0.78IBM International BusinessPairCorr
  0.49KO Coca ColaPairCorr
  0.32PG Procter GamblePairCorr

Related Correlations Analysis


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

ASHR
+ 0.98
CQQQ
GXC
+ 0.98
CQQQ
GXC
+ 0.97
KWEB
GXC
+ 0.97
ASHR
CQQQ
+ 0.95
KWEB
ASHR
+ 0.93
KWEB
  

High negative correlations

GXC
- 0.69
INDA
INDA
- 0.69
CQQQ
ASHR
- 0.63
INDA
INDA
- 0.61
KWEB

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.

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