WisdomTree Emerging Correlations

CEW Etf

USD 19.32 0.02 0.10%

The current 90-days correlation between WisdomTree Emerging and iShares Trust is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between WisdomTree Emerging Currency and DJI is 0.84 (i.e., Very poor 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 services.

Moving together with WisdomTree Etf

0.98	LEMB	iShares JP Morgan	Pair Corr
0.95	FEMB	First Trust Emerging	Pair Corr
0.76	TOT	Advisor Managed Port	Pair Corr
0.83	SHLD	Global X Defense	Pair Corr
0.73	LUX	Tema Global	Pair Corr
0.83	FB	ProShares Trust ProShares	Pair Corr
0.86	SWP	SWP Growth Income	Pair Corr
0.79	FNGD	MicroSectors FANG Index Buyout Trend	Pair Corr
0.89	CALY	Callaway Golf Symbol Change	Pair Corr
0.96	ABI	VictoryShares Pioneer	Pair Corr
0.95	IBMR	iShares Trust	Pair Corr
0.94	VUSB	Vanguard Ultra Short	Pair Corr
0.96	VAW	Vanguard Materials Index	Pair Corr
0.88	STXK	EA Series Trust	Pair Corr
0.9	AHYB	American Century ETF	Pair Corr
0.89	SMH	VanEck Semiconductor ETF	Pair Corr
0.73	AWEG	Fred Alger Management	Pair Corr
0.83	ISCG	iShares Morningstar	Pair Corr
0.82	EATZ	AdvisorShares Restaurant	Pair Corr
0.87	DBJP	Xtrackers MSCI Japan	Pair Corr
0.94	EDEN	iShares MSCI Denmark	Pair Corr
0.85	RDIV	Invesco SP Ultra	Pair Corr
0.86	OASC	OneAscent Small Cap	Pair Corr
0.96	DDLS	WisdomTree Dynamic	Pair Corr
0.91	CHPY	YieldMax Semiconductor	Pair Corr
0.96	IAUM	iShares Gold Trust Sell-off Trend	Pair Corr
0.7	BSCY	Invesco BulletShares 2034	Pair Corr
0.89	NUEM	NuShares ETF Trust	Pair Corr
0.89	GSIG	Goldman Sachs Access	Pair Corr
0.95	PQNT	2023 ETF	Pair Corr
0.9	MART	Allianzim Large Cap	Pair Corr
0.92	SFEB	FT Vest Small	Pair Corr
0.9	BHYB	Xtrackers USD High	Pair Corr
0.93	YLD	Principal Active High	Pair Corr
0.82	VBK	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.43	0.44	-0.01	-0.57	0.03	0.31	0.43	0.45	META
MSFT	-0.41		0.72	-0.56	-0.09	0.49	0.62	0.04	-0.8	-0.83	MSFT
UBER	-0.43	0.72		-0.49	0.12	0.59	0.23	-0.16	-0.8	-0.59	UBER
F	0.44	-0.56	-0.49		-0.39	-0.33	-0.1	0.38	0.71	0.65	F
T	-0.01	-0.09	0.12	-0.39		0.27	-0.38	-0.15	-0.12	-0.09	T
A	-0.57	0.49	0.59	-0.33	0.27		0.12	-0.06	-0.41	-0.62	A
CRM	0.03	0.62	0.23	-0.1	-0.38	0.12		0.59	-0.29	-0.64	CRM
JPM	0.31	0.04	-0.16	0.38	-0.15	-0.06	0.59		0.25	-0.11	JPM
MRK	0.43	-0.8	-0.8	0.71	-0.12	-0.41	-0.29	0.25		0.72	MRK
XOM	0.45	-0.83	-0.59	0.65	-0.09	-0.62	-0.64	-0.11	0.72		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	+ 0.72	MSFT
XOM	+ 0.72	MRK
MRK	+ 0.71	F
XOM	+ 0.65	F
CRM	+ 0.62	MSFT
A	+ 0.59	UBER

High negative correlations

XOM	- 0.83	MSFT
MRK	- 0.8	UBER
MRK	- 0.8	MSFT
XOM	- 0.64	CRM
XOM	- 0.62	A
XOM	- 0.59	UBER

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	1.55	(0.03)	(0.02)	0.02	1.62	(1.79)	3.43	(2.72)	13.36
MSFT	1.23	(0.36)	0.00	(1.95)	0.00	0.00	1.78	(2.70)	13.28
UBER	1.57	(0.43)	0.00	(0.52)	0.00	0.00	2.46	(5.06)	10.23
F	1.22	0.04	0.04	0.10	1.20	(1.45)	3.38	(2.35)	7.16
T	0.95	0.11	0.06	0.72	0.94	(1.05)	2.02	(1.76)	4.31
A	1.22	(0.18)	0.00	(0.08)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.64	(0.42)	0.00	(0.32)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.12	(0.03)	0.00	0.03	1.63	(1.14)	2.18	(3.11)	7.38
MRK	1.32	0.46	0.31	0.65	1.07	(1.63)	3.59	(1.98)	8.09
XOM	1.15	0.00	0.27	0.00	0.92	(1.37)	2.69	(2.11)	5.85

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