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Asset Cointegration Analysis
Cointegration Overview
This tool allows assets to be tested for cointegration using the Augmented Dickey-Fuller Test. Cointegrated assets typically have a financial or economic relationship that prevents them from diverging and the price difference tends to be mean reverting.
Model Configuration
Cointegration Test Results
Note: The time period was constrained by the available data for iShares MSCI Canada ETF (EWC) [Jul 1998 - Sep 2026].
Cointegration Results
Cointegration Analysis
Dependent
Independent
Test Statistic
p-value
95% Confidence
90% Confidence
iShares MSCI Australia ETF (EWA)
iShares MSCI Canada ETF (EWC)
-0.768
0.37
Not cointegrated
Not cointegrated
Cointegration test results for time period 07/01/1998 09/30/2026 based on monthly prices
IMPORTANT: The projections or other information generated by Portfolio Visualizer regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
The results do not constitute investment advice or recommendation, are provided solely for informational purposes, and are not an offer to buy or sell any securities. All use is subject to terms of service.
Investing involves risk, including possible loss of principal. Past performance is not a guarantee of future results.
Asset allocation and diversification strategies do not guarantee a profit or protect against a loss.
Hypothetical returns do not reflect trading costs, transaction fees, commissions, or actual taxes due on investment returns.
The results are based on information from a variety of sources we consider reliable, but we do not represent that the information is accurate or complete. Other investments not considered may have characteristics similar or superior to those being analyzed.