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Last Update: 01-Dec-2020, 17:15 CST

EWJ Correlation Report

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Correlation Plot    ExplainYTD: EWJ  11.8 %  vs. SPX  13.4 % 
iShares MSCI Japan Index Fund

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: LOW

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.542

0.114

0.79

43

-2.3

50.0
* Last 60 market days. EWJ relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankEWJ CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.758 Subscribe first then Login to view complete reports now

0.450

-0.005

1.46
2
1
0.720 Subscribe first then Login to view complete reports now

0.576

0.181

1.70
3
2
0.719 Subscribe first then Login to view complete reports now

0.462

-0.062

1.28
4
0.717 Subscribe first then Login to view complete reports now

0.632

-0.030

1.82
5
3
0.705 BHP - BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

0.658

-0.009

1.48
Least Correlated Non-ETF Securities:
RankEWJ CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
22
0.000 Subscribe first then Login to view complete reports now

0.113

0.298

1.86
2
134
-0.001 Subscribe first then Login to view complete reports now

0.234

0.244

4.32
3
4
0.001 Subscribe first then Login to view complete reports now

0.310

-0.242

2.25
4
55
-0.002 Subscribe first then Login to view complete reports now

0.151

0.697

3.46
5
4
0.002 OMI - Owens Minor Inc.

0.171

0.758

2.88
Most Anti-Correlated Non-ETF Securities:
RankEWJ CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.605 Subscribe first then Login to view complete reports now

-0.662

0.022

-0.48
2
-0.506 Subscribe first then Login to view complete reports now

-0.745

-0.030

-0.31
3
-0.444 Subscribe first then Login to view complete reports now

-0.420

0.057

-0.34
4
-0.421 Subscribe first then Login to view complete reports now

-0.400

-0.051

-0.31
5
-0.366 AMBO - Ambow Education Holding Ltd. American Depository Shares each representing two Class A ordinary shares

-0.236

1.016

-4.95




 

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