WisdomTree Emerging Correlations

Etfs USA . 
Etf . WisdomTree Emerging Markets
EMMF Etf  USD 26.64  0.09  0.34%   
The current 90-days correlation between WisdomTree Emerging and WisdomTree International Multifactor is 0.75 (i.e., Poor 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 0.38 (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.
  
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 population.

Moving together with WisdomTree Etf

  0.95VWO Vanguard FTSE EmergingPairCorr
  0.97IEMG iShares Core MSCIPairCorr
  0.96EMC Global X FundsPairCorr
  0.97EEM iShares MSCI Emerging Aggressive PushPairCorr
  0.94SPEM SPDR Portfolio EmergingPairCorr
  0.94FNDE Schwab FundamentalPairCorr
  0.97ESGE iShares ESG AwarePairCorr
  0.96DGS WisdomTree EmergingPairCorr
  0.97XSOE WisdomTree EmergingPairCorr
  0.97EMXC iShares MSCI EmergingPairCorr
  0.62PFE Pfizer Inc Earnings Call Next WeekPairCorr
  0.85KO Coca Cola Aggressive PushPairCorr
  0.8MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.83MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.61HPQ HP IncPairCorr

Moving against WisdomTree Etf

  0.75DSJA DSJAPairCorr
  0.68RSPY Tuttle Capital ManagementPairCorr
  0.63MEME Roundhill InvestmentsPairCorr
  0.46AMPD Tidal Trust IIPairCorr
  0.68JPM JPMorgan ChasePairCorr
  0.66CSCO Cisco Systems Aggressive PushPairCorr
  0.61AXP American Express Earnings Call This WeekPairCorr
  0.61DIS Walt DisneyPairCorr
  0.38BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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.

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