IShares MSCI Correlations

EVLU Etf

31.60 0.27 0.86%

The current 90-days correlation between iShares MSCI Emerging and EA Series Trust is 0.62 (i.e., Poor 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 Emerging and DJI is 0.56 (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 Emerging 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 Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with IShares Etf

0.78	IEMG	iShares Core MSCI	Pair Corr
0.8	EEM	iShares MSCI Emerging	Pair Corr
0.92	FNDE	Schwab Fundamental	Pair Corr
0.79	ESGE	iShares ESG Aware	Pair Corr
0.81	SFGRX	Seafarer Overseas	Pair Corr
0.69	XSOE	WisdomTree Emerging	Pair Corr
0.7	VTI	Vanguard Total Stock	Pair Corr
0.76	SPY	SPDR SP 500	Pair Corr
0.77	IVV	iShares Core SP	Pair Corr
0.67	VUG	Vanguard Growth Index	Pair Corr
0.71	VEA	Vanguard FTSE Developed	Pair Corr
0.74	FIAX	Nicholas Fixed Income	Pair Corr
0.85	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.72	SCHX	Schwab Large Cap	Pair Corr
0.62	FELV	Fidelity Covington Trust	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	KO	Coca Cola	Pair Corr
0.82	AXP	American Express	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.62	INTC	Intel	Pair Corr
0.89	IBM	International Business	Pair Corr

Moving against IShares Etf

0.32	EMC	Global X Funds	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.54	VZ	Verizon Communications	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.32	MSFT	Microsoft Aggressive Push	Pair Corr

Related Correlations Analysis

	RW	EFAA	EFFE	EFFI	EGUS	EMCS	EQLT	ESUM	EVLU
RW		-0.09	0.04	-0.15	0.43	0.45	0.24	0.76	-0.03	RW
EFAA	-0.09		0.15	0.95	0.6	0.56	0.74	0.41	0.71	EFAA
EFFE	0.04	0.15		0.13	0.09	0.05	0.12	0.08	0.1	EFFE
EFFI	-0.15	0.95	0.13		0.63	0.54	0.76	0.27	0.81	EFFI
EGUS	0.43	0.6	0.09	0.63		0.82	0.87	0.61	0.78	EGUS
EMCS	0.45	0.56	0.05	0.54	0.82		0.92	0.67	0.71	EMCS
EQLT	0.24	0.74	0.12	0.76	0.87	0.92		0.51	0.9	EQLT
ESUM	0.76	0.41	0.08	0.27	0.61	0.67	0.51		0.19	ESUM
EVLU	-0.03	0.71	0.1	0.81	0.78	0.71	0.9	0.19		EVLU
	RW	EFAA	EFFE	EFFI	EGUS	EMCS	EQLT	ESUM	EVLU

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

EFFI	+ 0.95	EFAA
EQLT	+ 0.92	EMCS
EVLU	+ 0.9	EQLT
EQLT	+ 0.87	EGUS
EMCS	+ 0.82	EGUS
EVLU	+ 0.81	EFFI

High negative correlations

EFFI	- 0.15	RW
EFAA	- 0.09	RW
EVLU	- 0.03	RW

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
RW	0.58	(0.10)	0.00	(0.06)	0.00	0.00	1.33	(1.33)	3.95
EFAA	0.46	0.01	(0.01)	0.08	0.53	(0.47)	0.91	(0.78)	2.76
EFFE	2.24	0.03	0.00	0.16	4.56	(2.30)	4.39	(4.57)	36.48
EFFI	0.58	0.02	0.02	0.09	0.73	(0.61)	0.94	(1.36)	2.99
EGUS	0.81	(0.01)	(0.01)	0.05	1.17	(0.74)	1.86	(1.95)	4.60
EMCS	0.79	(0.01)	(0.01)	0.05	1.08	(0.82)	1.55	(1.83)	5.13
EQLT	0.71	0.01	0.00	0.07	0.95	(0.70)	1.50	(1.30)	4.56
ESUM	0.67	(0.07)	0.00	(0.01)	0.00	0.00	1.27	(1.81)	3.54
EVLU	0.77	0.07	0.06	0.14	0.84	(0.87)	1.59	(1.12)	4.60

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