| DBEZ Etf | | | USD 51.33 0.22 0.43% |
The current 90-days correlation between Xtrackers MSCI Eurozone and Xtrackers MSCI All is 0.89 (i.e., Very poor 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
Good diversification
The correlation between Xtrackers MSCI Eurozone and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtrackers MSCI Eurozone and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Xtrackers MSCI Eurozone. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in income.