WisdomTree Continuous Correlations

GCC Etf

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The current 90-days correlation between WisdomTree Continuous and VanEck Natural Resources is 0.77 (i.e., Poor 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

Weak diversification

The correlation between WisdomTree Continuous Commodit and DJI is 0.33 (i.e., Weak 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 persons.

Moving together with WisdomTree Etf

0.63	PDBC	Invesco Optimum Yield	Pair Corr
0.63	FTGC	First Trust Global	Pair Corr
0.62	DBC	Invesco DB Commodity	Pair Corr
0.76	DJP	iPath Bloomberg Commodity	Pair Corr
0.66	BCI	abrdn Bloomberg All	Pair Corr
0.79	CMDY	iShares Bloomberg Roll	Pair Corr
0.75	COMB	GraniteShares Bloomberg	Pair Corr
0.76	SIXD	AIM ETF Products	Pair Corr
0.82	SLX	VanEck Steel ETF	Pair Corr
0.74	QULL	ETRACS 2x Leveraged	Pair Corr
0.74	SCZ	iShares MSCI EAFE	Pair Corr
0.85	CPSU	Calamos SP 500	Pair Corr
0.84	FTBI	First Trust Exchange	Pair Corr
0.89	CPER	United States Copper	Pair Corr
0.83	CSD	Invesco SP Spin	Pair Corr
0.77	QQJG	Invesco ESG NASDAQ	Pair Corr
0.67	AGEM	abrdn Emerging Markets	Pair Corr
0.7	USCL	iShares Climate Conscious	Pair Corr
0.63	SMLV	SPDR SSGA Small	Pair Corr
0.79	ZJAN	Innovator Equity Defined	Pair Corr
0.82	PLTM	GraniteShares Platinum	Pair Corr
0.68	FSST	Fidelity Sustainability	Pair Corr
0.67	AVUV	Avantis Small Cap	Pair Corr
0.62	ECOW	Pacer Emerging Markets	Pair Corr
0.8	EASG	Xtrackers MSCI EAFE	Pair Corr

Moving against WisdomTree Etf

0.75	VXX	iPath Series B Sell-off Trend	Pair Corr
0.75	VIXY	ProShares VIX Short	Pair Corr
0.66	VIXM	ProShares VIX Mid	Pair Corr
0.66	VXZ	iPath Series B	Pair Corr
0.54	YCL	ProShares Ultra Yen	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 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	1.39	(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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