IShares MSCI Correlations
MCHI Etf | USD 57.45 0.53 0.93% |
The current 90-days correlation between iShares MSCI China and KraneShares CSI China is 0.94 (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 0.38 (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.
Moving together with IShares Etf
0.97 | KWEB | KraneShares CSI China Aggressive Push | PairCorr |
0.99 | FXI | iShares China Large | PairCorr |
0.94 | EWT | iShares MSCI Taiwan | PairCorr |
0.91 | ASHR | Xtrackers Harvest CSI Aggressive Push | PairCorr |
0.99 | GXC | SPDR SP China | PairCorr |
0.85 | CQQQ | Invesco China Technology | PairCorr |
0.98 | CXSE | WisdomTree China | PairCorr |
0.93 | EWH | iShares MSCI Hong | PairCorr |
0.91 | KBA | KraneShares Bosera MSCI | PairCorr |
0.92 | CNYA | iShares MSCI China Low Volatility | PairCorr |
0.9 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.87 | USD | ProShares Ultra Semi | PairCorr |
0.88 | DFEN | Direxion Daily Aerospace | PairCorr |
0.92 | DUSL | Direxion Daily Indus | PairCorr |
0.7 | DIG | ProShares Ultra Oil | PairCorr |
0.91 | FNGO | MicroSectors FANG Index | PairCorr |
0.63 | MLPR | ETRACS Quarterly Pay | PairCorr |
0.92 | KGRN | KraneShares MSCI China | PairCorr |
0.9 | BAC | Bank of America | PairCorr |
0.89 | JPM | JPMorgan Chase | PairCorr |
0.86 | CSCO | Cisco Systems | PairCorr |
0.85 | DD | Dupont De Nemours | PairCorr |
0.72 | CVX | Chevron Corp | PairCorr |
0.89 | GE | GE Aerospace Earnings Call This Week | PairCorr |
0.93 | MSFT | Microsoft | PairCorr |
0.73 | PFE | Pfizer Inc | PairCorr |
0.9 | DIS | Walt Disney | PairCorr |
0.87 | MMM | 3M Company | PairCorr |
Moving against IShares Etf
0.64 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
0.58 | KO | Coca Cola Earnings Call This Week | PairCorr |
0.57 | PG | Procter Gamble | PairCorr |
0.56 | MCD | McDonalds | PairCorr |
0.41 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
KWEB | 1.22 | 0.14 | 0.07 | 0.33 | 1.07 | 3.30 | 8.41 | |||
CQQQ | 1.13 | 0.11 | 0.04 | 0.34 | 1.19 | 3.18 | 7.34 | |||
INDA | 0.73 | 0.06 | (0.04) | 0.34 | 0.82 | 1.48 | 5.37 | |||
ASHR | 0.61 | 0.13 | 0.04 | 1.01 | 0.40 | 1.39 | 4.57 | |||
GXC | 0.86 | 0.13 | 0.06 | 0.42 | 0.71 | 2.51 | 5.43 |