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Correlation Between IShares Core and Ford Motor

Analyzing existing cross correlation between IShares Core MSCI International and Ford Motor Company. You can compare the effects of market volatilities on IShares Core and Ford Motor and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in IShares Core with a short position of Ford Motor. Check out your portfolio center. Please also check ongoing floating volatility patterns of IShares Core and Ford Motor.

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Diversification Opportunities for IShares Core and Ford Motor

IShares Core MSCI Internationa diversification synergy
0.62
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Poor diversification

The 3 months correlation between IShares and Ford Motor is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding IShares Core MSCI Internationa and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor and IShares Core is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on IShares Core MSCI International are associated (or correlated) with Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of IShares Core i.e. IShares Core and Ford Motor go up and down completely randomly.

Pair Corralation between IShares Core and Ford Motor

Given the investment horizon of 30 days, IShares Core MSCI International is expected to generate 0.5 times more return on investment than Ford Motor. However, IShares Core MSCI International is 1.98 times less risky than Ford Motor. It trades about -0.16 of its potential returns per unit of risk. Ford Motor Company is currently generating about -0.23 per unit of risk. If you would invest  5,685  in IShares Core MSCI International on January 29, 2020 and sell it today you would lose (485.00)  from holding IShares Core MSCI International or give up 8.53% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

IShares Core MSCI Internationa  vs.  Ford Motor Company

 Performance (%) 
    
  Timeline 
IShares Core MSCI 
00

Risk-Adjusted Performance

Over the last 30 days IShares Core MSCI International has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite latest conflicting performance, the Etf's primary indicators remain stable and the continuing fuss on Wall Street may also be a sign of long-term gains for the fund venture directors.
Ford Motor 
00

Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of sluggish performance in the last few months, the Stock's fundamental drivers remain rather sound which may send shares a bit higher in March 2020. The ongoing tumult may also be a sign of longer-term up-swing for the firm shareholders.

IShares Core and Ford Motor Volatility Contrast

 Predicted Return Density 
    
  Returns 
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