WisdomTree Continuous Correlations

GCC Etf

USD 21.74 0.74 3.29%

The current 90-days correlation between WisdomTree Continuous and iShares MSCI UAE is 0.26 (i.e., Modest diversification). The correlation of WisdomTree Continuous 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 Continuous Correlation With Market

Very poor diversification

The correlation between WisdomTree Continuous Commodit and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Continuous Commodit and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree Continuous Commodity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with WisdomTree Etf

0.87	PDBC	Invesco Optimum Yield	Pair Corr
0.92	FTGC	First Trust Global	Pair Corr
0.86	DBC	Invesco DB Commodity	Pair Corr
0.87	COMT	iShares GSCI Commodity	Pair Corr
0.85	GSG	iShares SP GSCI	Pair Corr
0.86	DJP	iPath Bloomberg Commodity	Pair Corr
0.94	BCI	abrdn Bloomberg All	Pair Corr
0.87	CMDY	iShares Bloomberg Roll	Pair Corr
0.94	COMB	GraniteShares Bloomberg	Pair Corr
0.91	MUU	Direxion Daily MU	Pair Corr
0.93	MULL	GraniteShares 2x Long	Pair Corr
0.92	AGQ	ProShares Ultra Silver	Pair Corr
0.96	JNUG	Direxion Daily Junior	Pair Corr
0.96	GDXU	MicroSectors Gold Miners	Pair Corr
0.91	KORU	Direxion Daily South	Pair Corr
0.96	NUGT	Direxion Daily Gold	Pair Corr
0.95	SHNY	Microsectors Gold	Pair Corr
0.96	SIL	Global X Silver	Pair Corr
0.98	SIVR	abrdn Physical Silver	Pair Corr
0.62	BND	Vanguard Total Bond	Pair Corr
0.89	SPMD	SPDR Russell Small	Pair Corr
0.82	OASC	OneAscent Small Cap	Pair Corr
0.87	MART	Allianzim Large Cap	Pair Corr
0.74	RDIV	Invesco SP Ultra	Pair Corr
0.87	GAPR	First Trust Exchange	Pair Corr
0.82	SEIX	Virtus ETF Trust	Pair Corr
0.81	GSIG	Goldman Sachs Access	Pair Corr
0.89	VBK	Vanguard Small Cap	Pair Corr
0.91	IAUM	iShares Gold Trust	Pair Corr
0.89	BINC	BlackRock ETF Trust	Pair Corr
0.85	AHYB	American Century ETF	Pair Corr
0.9	IBMR	iShares Trust	Pair Corr
0.92	BBEU	JPMorgan BetaBuilders	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.41	-0.42	0.44	0.17	-0.59	0.03	0.31	0.43	0.45	META
MSFT	-0.41		0.75	-0.56	-0.27	0.52	0.62	0.04	-0.8	-0.83	MSFT
UBER	-0.42	0.75		-0.51	-0.08	0.63	0.26	-0.1	-0.77	-0.61	UBER
F	0.44	-0.56	-0.51		-0.18	-0.43	-0.1	0.38	0.71	0.65	F
T	0.17	-0.27	-0.08	-0.18		0.04	-0.58	-0.22	-0.01	0.2	T
A	-0.59	0.52	0.63	-0.43	0.04		0.14	-0.07	-0.47	-0.65	A
CRM	0.03	0.62	0.26	-0.1	-0.58	0.14		0.59	-0.29	-0.64	CRM
JPM	0.31	0.04	-0.1	0.38	-0.22	-0.07	0.59		0.25	-0.11	JPM
MRK	0.43	-0.8	-0.77	0.71	-0.01	-0.47	-0.29	0.25		0.72	MRK
XOM	0.45	-0.83	-0.61	0.65	0.2	-0.65	-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	+ 0.75	MSFT
XOM	+ 0.72	MRK
MRK	+ 0.71	F
XOM	+ 0.65	F
A	+ 0.63	UBER
CRM	+ 0.62	MSFT

High negative correlations

XOM	- 0.83	MSFT
MRK	- 0.8	MSFT
MRK	- 0.77	UBER
XOM	- 0.65	A
XOM	- 0.64	CRM
XOM	- 0.61	UBER

WisdomTree Continuous Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Continuous 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 Continuous' 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	0.02	(0.01)	(0.47)	1.62	(1.79)	3.43	(2.72)	13.36
MSFT	1.23	(0.34)	0.00	1.81	0.00	0.00	1.78	(2.70)	13.28
UBER	1.60	(0.39)	0.00	(0.56)	0.00	0.00	2.46	(5.06)	11.09
F	1.22	0.10	0.05	0.85	1.20	(1.45)	3.38	(2.35)	7.16
T	0.94	0.16	0.13	0.84	0.84	(1.06)	2.02	(1.54)	4.31
A	1.22	(0.23)	0.00	(0.13)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.64	(0.36)	0.00	3.41	0.00	0.00	2.94	(5.31)	12.37
JPM	1.12	0.05	0.01	(0.31)	1.63	(1.14)	2.18	(3.11)	7.38
MRK	1.32	0.48	0.32	0.86	1.07	(1.63)	3.59	(1.98)	8.09
XOM	1.15	0.38	0.28	0.71	0.92	(1.37)	2.69	(2.11)	5.85

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