WisdomTree China Correlations

CXSE Etf

USD 40.82 0.16 0.39%

The current 90-days correlation between WisdomTree China and FlexShares Morningstar Developed is 0.58 (i.e., Very weak diversification). The correlation of WisdomTree China 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.

WisdomTree China Correlation With Market

Poor diversification

The correlation between WisdomTree China ex State Owne and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree China ex State Owne 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 China ex State Owned. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with WisdomTree Etf

0.65	KWEB	KraneShares CSI China Sell-off Trend	Pair Corr
0.85	FXI	iShares China Large	Pair Corr
0.74	ASHR	Xtrackers Harvest CSI	Pair Corr
0.87	GXC	SPDR SP China	Pair Corr
0.91	CQQQ	Invesco China Technology	Pair Corr
0.81	KBA	KraneShares Bosera MSCI	Pair Corr
0.74	CNYA	iShares MSCI China	Pair Corr
0.71	SIXD	AIM ETF Products	Pair Corr
0.61	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.64	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.71	TLCI	Touchstone ETF Trust	Pair Corr
0.65	XAUG	FT Cboe Vest	Pair Corr

Moving against WisdomTree Etf

0.65	VXX	iPath Series B	Pair Corr
0.65	VIXY	ProShares VIX Short	Pair Corr

Related Correlations Analysis

	DWM	JKL	EES	EBI	DTH	KSA	JVAL	DNL	PPH	TLTD
DWM		0.94	0.9	0.98	0.99	0.66	0.94	0.92	0.95	1.0	DWM
JKL	0.94		0.99	0.98	0.91	0.54	0.99	0.91	0.89	0.95	JKL
EES	0.9	0.99		0.95	0.87	0.48	0.98	0.88	0.84	0.91	EES
EBI	0.98	0.98	0.95		0.96	0.61	0.98	0.92	0.92	0.98	EBI
DTH	0.99	0.91	0.87	0.96		0.7	0.9	0.86	0.94	0.98	DTH
KSA	0.66	0.54	0.48	0.61	0.7		0.5	0.59	0.63	0.66	KSA
JVAL	0.94	0.99	0.98	0.98	0.9	0.5		0.93	0.86	0.94	JVAL
DNL	0.92	0.91	0.88	0.92	0.86	0.59	0.93		0.85	0.93	DNL
PPH	0.95	0.89	0.84	0.92	0.94	0.63	0.86	0.85		0.95	PPH
TLTD	1.0	0.95	0.91	0.98	0.98	0.66	0.94	0.93	0.95		TLTD
	DWM	JKL	EES	EBI	DTH	KSA	JVAL	DNL	PPH	TLTD

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WisdomTree China Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree China 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 China'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
DWM	0.56	0.13	0.14	0.25	0.49	(0.62)	1.29	(1.20)	3.11
JKL	0.77	0.11	0.13	0.17	0.62	(0.96)	2.22	(1.41)	4.85
EES	0.80	0.09	0.11	0.15	0.63	(0.91)	2.49	(1.63)	4.79
EBI	0.62	0.08	0.10	0.16	0.58	(0.70)	1.42	(1.38)	4.18
DTH	0.56	0.15	0.20	0.33	0.29	(0.67)	1.10	(0.91)	3.50
KSA	0.76	(0.02)	(0.07)	0.02	0.93	(0.82)	1.54	(1.57)	5.39
JVAL	0.67	0.07	0.08	0.13	0.61	(0.74)	1.73	(1.59)	4.33
DNL	0.75	0.05	0.05	0.13	0.86	(0.77)	1.66	(1.84)	4.50
PPH	0.76	0.12	0.12	0.26	0.62	(0.89)	1.97	(1.37)	4.69
TLTD	0.62	0.15	0.16	0.26	0.60	(0.70)	1.38	(1.38)	3.32

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