WisdomTree Emerging Correlations

CEW Etf

USD 19.08 0.06 0.32%

The current 90-days correlation between WisdomTree Emerging and US Global Sea is 0.38 (i.e., Weak diversification). The correlation of WisdomTree Emerging 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Emerging Correlation With Market

Modest diversification

The correlation between WisdomTree Emerging Currency and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Currency and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WisdomTree Emerging Currency. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in median.

Moving together with WisdomTree Etf

0.96	LEMB	iShares JP Morgan	Pair Corr
0.76	TOT	Advisor Managed Port	Pair Corr
0.83	LUX	Tema Global	Pair Corr
0.94	FB	ProShares Trust ProShares	Pair Corr
0.91	DUKH	Ocean Park High	Pair Corr
0.82	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.85	DPST	Direxion Daily Regional	Pair Corr
0.84	DVY	iShares Select Dividend	Pair Corr
0.61	IBUY	Amplify Online Retail	Pair Corr
0.9	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.76	FDV	First Trust Capital	Pair Corr
0.74	VDE	Vanguard Energy Index	Pair Corr
0.88	EVIM	Morgan Stanley ETF	Pair Corr
0.8	XLB	Materials Select Sector Aggressive Push	Pair Corr
0.63	ZHDG	ZEGA Buy	Pair Corr
0.87	IXUS	iShares Core MSCI	Pair Corr
0.74	GRIN	VictoryShares International	Pair Corr
0.92	MGV	Vanguard Mega Cap	Pair Corr
0.74	FIAT	YieldMax Short N	Pair Corr
0.68	SSO	ProShares Ultra SP500	Pair Corr
0.63	SOF	Amplify Samsung SOFR	Pair Corr
0.91	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.84	LRCU	Tradr 2X Long Low Volatility	Pair Corr
0.91	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.68	XLY	Consumer Discretionary	Pair Corr
0.74	INR	Infinity Natural Res	Pair Corr
0.7	XLC	Communication Services	Pair Corr
0.68	WDNA	WisdomTree BioRevolution	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.33	-0.42	0.24	-0.28	0.41	-0.19	-0.36	-0.43	META
MSFT	0.6		0.81	-0.55	0.46	0.01	0.09	-0.46	-0.83	-0.69	MSFT
UBER	0.33	0.81		-0.5	0.44	0.29	-0.16	-0.5	-0.81	-0.56	UBER
F	-0.42	-0.55	-0.5		-0.7	0.16	0.26	0.64	0.71	0.75	F
T	0.24	0.46	0.44	-0.7		0.28	-0.52	-0.61	-0.5	-0.62	T
A	-0.28	0.01	0.29	0.16	0.28		-0.54	-0.24	-0.02	-0.02	A
CRM	0.41	0.09	-0.16	0.26	-0.52	-0.54		0.54	0.16	0.11	CRM
JPM	-0.19	-0.46	-0.5	0.64	-0.61	-0.24	0.54		0.64	0.54	JPM
MRK	-0.36	-0.83	-0.81	0.71	-0.5	-0.02	0.16	0.64		0.8	MRK
XOM	-0.43	-0.69	-0.56	0.75	-0.62	-0.02	0.11	0.54	0.8		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UBER	+ 0.81	MSFT
XOM	+ 0.8	MRK
XOM	+ 0.75	F
MRK	+ 0.71	F
JPM	+ 0.64	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.81	UBER
T	- 0.7	F
XOM	- 0.69	MSFT
XOM	- 0.62	T
JPM	- 0.61	T

WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 WisdomTree Emerging'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
META	1.33	(0.30)	0.00	(0.22)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.93	(0.22)	0.00	(0.40)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.45	(0.24)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.41	0.16	0.14	0.21	1.25	(1.70)	3.38	(2.35)	16.30
T	0.90	(0.14)	0.00	(0.27)	0.00	0.00	1.63	(1.85)	5.78
A	1.09	(0.04)	(0.02)	0.06	1.21	(1.20)	2.34	(2.09)	6.50
CRM	1.58	(0.18)	0.00	(0.08)	0.00	0.00	3.66	(3.61)	12.37
JPM	1.14	(0.13)	(0.05)	0.01	1.66	(1.13)	2.00	(2.34)	7.38
MRK	1.22	0.32	0.24	0.48	0.97	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.22	0.10	2.79	0.97	(1.22)	2.37	(1.51)	5.82

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