WisdomTree Emerging Correlations

EMCB Etf

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The current 90-days correlation between WisdomTree Emerging and Return Stacked Bonds is 0.28 (i.e., Modest 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.

WisdomTree Emerging Correlation With Market

Weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

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

Moving together with WisdomTree Etf

0.86	EMB	iShares JP Morgan	Pair Corr
0.88	HYEM	VanEck Emerging Markets	Pair Corr
0.86	EMHY	iShares JP Morgan	Pair Corr
0.89	CEMB	iShares JP Morgan	Pair Corr
0.9	XEMD	Bondbloxx ETF Trust	Pair Corr
0.82	EMHC	SPDR Bloomberg Barclays	Pair Corr
0.75	EMBD	Global X Emerging	Pair Corr
0.8	EMTL	SPDR DoubleLine Emerging	Pair Corr
0.75	GDXU	MicroSectors Gold Miners	Pair Corr
0.77	MUU	Direxion Daily MU	Pair Corr
0.79	JNUG	Direxion Daily Junior	Pair Corr
0.78	MULL	GraniteShares 2x Long	Pair Corr
0.63	KORU	Direxion Daily South	Pair Corr
0.79	NUGT	Direxion Daily Gold	Pair Corr
0.84	AGQ	ProShares Ultra Silver Trending	Pair Corr
0.69	SHNY	Microsectors Gold	Pair Corr
0.87	HAP	VanEck Natural Resources	Pair Corr
0.85	RSSE	First Trust Exchange	Pair Corr
0.84	DJUL	FT Cboe Vest	Pair Corr
0.82	IXUS	iShares Core MSCI	Pair Corr
0.83	INOV	Innovator ETFs Trust	Pair Corr
0.66	SSO	ProShares Ultra SP500	Pair Corr
0.74	SPY	SPDR SP 500	Pair Corr
0.88	JEPI	JPMorgan Equity Premium	Pair Corr
0.85	DJD	Invesco Dow Jones	Pair Corr
0.69	ROBO	Robo Global Robotics	Pair Corr
0.89	FGD	First Trust Dow	Pair Corr
0.79	LABU	Direxion Daily SP Downward Rally	Pair Corr
0.82	FTBI	First Trust Exchange	Pair Corr
0.9	FNDF	Schwab Fundamental Sell-off Trend	Pair Corr
0.9	RFDI	First Trust RiverFront	Pair Corr
0.68	NVBU	AllianzIM Equity Buffer15	Pair Corr
0.84	TJAN	Innovator Equity Defined	Pair Corr

Related Correlations Analysis

	RSBT	SBND	LQDI	NHYM	ELD	FLMB	ARB	TAXE	PSMR	VEOIX
RSBT		0.82	0.08	0.79	0.83	0.73	0.7	0.81	0.81	0.63	RSBT
SBND	0.82		-0.18	0.84	0.93	0.81	0.79	0.9	0.91	0.29	SBND
LQDI	0.08	-0.18		-0.08	-0.26	-0.14	-0.13	-0.27	-0.21	0.41	LQDI
NHYM	0.79	0.84	-0.08		0.79	0.91	0.63	0.91	0.77	0.39	NHYM
ELD	0.83	0.93	-0.26	0.79		0.78	0.77	0.91	0.93	0.37	ELD
FLMB	0.73	0.81	-0.14	0.91	0.78		0.56	0.92	0.72	0.43	FLMB
ARB	0.7	0.79	-0.13	0.63	0.77	0.56		0.71	0.84	0.29	ARB
TAXE	0.81	0.9	-0.27	0.91	0.91	0.92	0.71		0.87	0.38	TAXE
PSMR	0.81	0.91	-0.21	0.77	0.93	0.72	0.84	0.87		0.36	PSMR
VEOIX	0.63	0.29	0.41	0.39	0.37	0.43	0.29	0.38	0.36		VEOIX
	RSBT	SBND	LQDI	NHYM	ELD	FLMB	ARB	TAXE	PSMR	VEOIX

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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

ELD	+ 0.93	SBND
PSMR	+ 0.93	ELD
TAXE	+ 0.92	FLMB
PSMR	+ 0.91	SBND
FLMB	+ 0.91	NHYM
TAXE	+ 0.91	NHYM

High negative correlations

TAXE	- 0.27	LQDI
ELD	- 0.26	LQDI
PSMR	- 0.21	LQDI
LQDI	- 0.18	SBND
FLMB	- 0.14	LQDI
ARB	- 0.13	LQDI

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
RSBT	0.69	0.04	0.01	0.15	0.81	(0.70)	1.53	(1.75)	3.83
SBND	0.09	0.00	(0.71)	0.15	0.00	(0.12)	0.21	(0.21)	0.58
LQDI	0.26	(0.01)	(0.29)	(0.12)	0.34	(0.26)	0.42	(0.49)	1.73
NHYM	0.14	0.02	(0.34)	1.85	0.10	(0.17)	0.28	(0.24)	1.53
ELD	0.30	0.04	(0.14)	0.38	0.16	(0.35)	0.67	(0.52)	1.53
FLMB	0.09	0.01	(0.77)	1.85	0.00	(0.11)	0.21	(0.13)	0.51
ARB	0.13	0.00	(0.52)	0.03	0.11	(0.17)	0.31	(0.28)	0.90
TAXE	0.07	0.02	(1.08)	1.25	0.00	(0.10)	0.18	(0.12)	0.39
PSMR	0.13	0.01	(0.44)	0.16	0.00	(0.16)	0.34	(0.24)	0.92
VEOIX	0.58	(0.04)	(0.09)	0.05	0.66	(0.61)	1.13	(1.12)	3.60

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