Morgan Stanley India Investment Fund, Inc. (IIF) — Stock Correlations & Overview
Over the past year, IIF has moved most closely with INDA, INDL, GIND. Explore the stocks most correlated and inversely correlated with IIF below, along with its price, financials, and company profile.
Stocks correlated with IIF
Correlation of daily returns. Higher positive values move with IIF; negative values move opposite it. Informational only, not investment advice.
Most correlated with IIF
| Symbol | Company | Correlation |
|---|---|---|
| INDA | iShares MSCI India ETF | 0.79 |
| INDL | Direxion Daily MSCI India Bull 2X ETF | 0.79 |
| GIND | Goldman Sachs India Equity ETF | 0.79 |
| FLIN | Franklin FTSE India ETF | 0.79 |
| EPI | WisdomTree India Earnings Fund ETF | 0.76 |
Most inversely correlated with IIF
| Symbol | Company | Correlation |
|---|---|---|
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.54 |
| EPV | ProShares UltraShort FTSE Europe | -0.52 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.51 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
Frequently asked questions about IIF correlations
- Which stocks are most correlated with IIF?
- Based on one year of daily returns, the stocks most correlated with Morgan Stanley India Investment Fund, Inc. (IIF) are INDA (0.79), INDL (0.79) and GIND (0.79). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IIF?
- Over the past year, the stocks most inversely correlated with Morgan Stanley India Investment Fund, Inc. (IIF) are EFU (-0.54), EPV (-0.52) and EFZ (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IIF correlations calculated?
- We compute the correlation of daily returns between IIF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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