IShares MSCI Correlations

Etfs . USA . 
Etf . iShares MSCI Japan
EWJ Etf  USD 72.01  0.18  0.25%   
The current 90-days correlation between iShares MSCI Japan and iShares MSCI South is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares MSCI Japan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares MSCI Correlation With Market

Very poor diversification

The correlation between iShares MSCI Japan and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Japan 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 Japan. 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

  0.88BBJP JPMorgan BetaBuildersPairCorr
  0.84DXJ WisdomTree Japan HedgedPairCorr
  0.97FLJP Franklin FTSE JapanPairCorr
  0.81HEWJ iShares Currency HedgedPairCorr
  0.87DBJP Xtrackers MSCI JapanPairCorr
  0.85DFJ WisdomTree Japan SmallCapPairCorr
  0.95EWJV iShares MSCI JapanPairCorr
  0.82SCJ iShares MSCI JapanPairCorr
  0.86JPXN iShares JPX NikkeiPairCorr
  0.63QTOC Innovator ETFs Trust Low VolatilityPairCorr
  0.78QTAP Innovator Growth 100PairCorr
  0.71GE GE AerospacePairCorr
  0.65MSFT MicrosoftPairCorr
  0.7BA BoeingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY