IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Germany
EWG Etf  USD 42.35  0.17  0.40%   
The current 90-days correlation between iShares MSCI Germany and iShares MSCI United is 0.71 (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.

IShares MSCI Correlation With Market

Very weak diversification

The correlation between iShares MSCI Germany and DJI is 0.52 (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 Germany 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 Germany. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with IShares Etf

  0.95BBCA JPMorgan BetaBuildersPairCorr
  0.95EWC iShares MSCI CanadaPairCorr
  0.97EWU iShares MSCI United Sell-off TrendPairCorr
  0.82EWY iShares MSCI South Sell-off TrendPairCorr
  0.96EWA iShares MSCI AustraliaPairCorr
  0.97EWL iShares MSCI SwitzerlandPairCorr
  0.99EWQ iShares MSCI FrancePairCorr
  0.95EWW iShares MSCI MexicoPairCorr
  0.92GBTC Grayscale Bitcoin TrustPairCorr
  0.86USD ProShares Ultra SemiPairCorr
  0.89TECL Direxion Daily TechnologyPairCorr
  0.9ROM ProShares Ultra TechPairCorr
  0.92QLD ProShares Ultra QQQPairCorr
  0.9SMH VanEck Semiconductor ETFPairCorr
  0.9SOXX iShares Semiconductor ETFPairCorr
  0.91SPXL Direxion Daily SP500PairCorr
  0.91UPRO ProShares UltraPro SP500PairCorr
  0.89CSCO Cisco SystemsPairCorr
  0.93MSFT Microsoft Aggressive PushPairCorr
  0.66HD Home DepotPairCorr
  0.63WMT Walmart Sell-off TrendPairCorr
  0.95BA Boeing Aggressive PushPairCorr
  0.91DIS Walt DisneyPairCorr
  0.92AXP American Express Earnings Call TomorrowPairCorr
  0.9JPM JPMorgan ChasePairCorr
  0.84IBM International Business Earnings Call This WeekPairCorr
  0.84PFE Pfizer Inc Sell-off TrendPairCorr
  0.95GE GE Aerospace Earnings Call This WeekPairCorr
  0.64INTC Intel Earnings Call This WeekPairCorr
  0.93BAC Bank of AmericaPairCorr

Moving against IShares Etf

  0.48KSA iShares MSCI SaudiPairCorr
  0.38PG Procter GamblePairCorr

Related Correlations Analysis

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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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