WisdomTree Emerging Correlations

CEW Etf

USD 19.38 0.09 0.47%

The current 90-days correlation between WisdomTree Emerging and US Global Sea is 0.17 (i.e., Average 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

Weak diversification

The correlation between WisdomTree Emerging Currency and DJI is 0.3 (i.e., Weak 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 consumer price index.

Moving together with WisdomTree Etf

0.94	LEMB	iShares JP Morgan	Pair Corr
0.88	FEMB	First Trust Emerging	Pair Corr
0.71	ITDD	iShares Trust	Pair Corr
0.76	AMPD	Tidal ETF Services	Pair Corr
0.86	CPST	Calamos ETF Trust	Pair Corr
0.91	CPSD	Calamos ETF Trust	Pair Corr
0.75	PEMX	Putnam ETF Trust	Pair Corr
0.7	SPYM	State Street SPDR Symbol Change	Pair Corr
0.9	CPNQ	Calamos ETF Trust	Pair Corr
0.71	QVML	Invesco Exchange Traded	Pair Corr
0.66	FAB	First Trust Multi	Pair Corr
0.88	BINV	2023 ETF Series	Pair Corr
0.76	EPEM	Harbor ETF Trust	Pair Corr
0.71	LIMI	Themes Lithium Battery Low Volatility	Pair Corr
0.62	MAYZ	TrueShares Structured	Pair Corr
0.85	TVAL	T Rowe Price	Pair Corr
0.9	BUFX	First Trust Exchange	Pair Corr
0.77	CPRJ	Calamos ETF Trust	Pair Corr
0.66	BKSE	BNY Mellon ETF	Pair Corr
0.86	GJUN	First Trust Exchange	Pair Corr
0.62	SCO	ProShares UltraShort	Pair Corr
0.85	DMAY	First Trust Exchange	Pair Corr
0.93	XIDE	First Trust Exchange	Pair Corr
0.82	WTMF	WisdomTree Managed	Pair Corr
0.64	TFNS	T Rowe Price	Pair Corr
0.89	CPNJ	Calamos ETF Trust	Pair Corr
0.71	CPRO	Calamos ETF Trust	Pair Corr
0.8	PTH	Invesco DWA Healthcare	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.66	0.54	-0.62	0.54	-0.57	0.22	-0.15	-0.56	-0.61	META
MSFT	0.66		0.83	-0.51	0.36	-0.2	0.07	-0.32	-0.77	-0.61	MSFT
UBER	0.54	0.83		-0.61	0.57	-0.27	-0.14	-0.27	-0.85	-0.59	UBER
F	-0.62	-0.51	-0.61		-0.7	0.53	0.3	0.41	0.69	0.75	F
T	0.54	0.36	0.57	-0.7		-0.52	-0.5	-0.21	-0.53	-0.47	T
A	-0.57	-0.2	-0.27	0.53	-0.52		-0.18	-0.26	0.46	0.23	A
CRM	0.22	0.07	-0.14	0.3	-0.5	-0.18		0.37	0.07	0.17	CRM
JPM	-0.15	-0.32	-0.27	0.41	-0.21	-0.26	0.37		0.32	0.41	JPM
MRK	-0.56	-0.77	-0.85	0.69	-0.53	0.46	0.07	0.32		0.65	MRK
XOM	-0.61	-0.61	-0.59	0.75	-0.47	0.23	0.17	0.41	0.65		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	+ 0.83	MSFT
XOM	+ 0.75	F
MRK	+ 0.69	F
MSFT	+ 0.66	META
XOM	+ 0.65	MRK
T	+ 0.57	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.77	MSFT
T	- 0.7	F
F	- 0.62	META
F	- 0.61	UBER
XOM	- 0.61	MSFT

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	1.39	(0.24)	0.00	(0.19)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.90	(0.11)	0.00	(0.11)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.35)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.69	(1.65)	3.38	(2.63)	16.30
T	0.97	(0.24)	0.00	(0.75)	0.00	0.00	1.61	(2.18)	5.75
A	1.25	0.07	0.06	0.13	1.31	(1.37)	2.34	(2.21)	11.03
CRM	1.54	0.06	0.03	0.13	1.97	(1.52)	3.66	(2.92)	9.91
JPM	1.05	0.00	0.01	0.07	1.40	(1.05)	2.00	(1.91)	7.02
MRK	1.45	0.40	0.28	0.53	1.08	(1.84)	4.85	(2.06)	11.45
XOM	0.94	0.06	0.01	0.33	0.99	(1.00)	1.96	(1.51)	4.99

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