WisdomTree Continuous Correlations

GCC Etf

USD 19.05 0.15 0.79%

The current 90-days correlation between WisdomTree Continuous and iPath Bloomberg Commodity is 0.88 (i.e., Very 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

Poor diversification

The correlation between WisdomTree Continuous Commodit and DJI is 0.68 (i.e., 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 main economic indicators.

Moving together with WisdomTree Etf

0.92	PDBC	Invesco Optimum Yield	Pair Corr
0.91	FTGC	First Trust Global	Pair Corr
0.92	DBC	Invesco DB Commodity	Pair Corr
0.93	COMT	iShares GSCI Commodity	Pair Corr
0.93	GSG	iShares SP GSCI	Pair Corr
0.77	DJP	iPath Bloomberg Commodity	Pair Corr
0.77	BCI	abrdn Bloomberg All	Pair Corr
0.72	CMDY	iShares Bloomberg Roll	Pair Corr
0.76	COMB	GraniteShares Bloomberg	Pair Corr
0.85	OIH	VanEck Oil Services	Pair Corr
0.74	ARKW	ARK Next Generation	Pair Corr
0.76	WTMF	WisdomTree Managed	Pair Corr
0.79	EWC	iShares MSCI Canada	Pair Corr
0.79	BST	BlackRock Science Tech	Pair Corr
0.79	IRET	iREIT MarketVector	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.7	MMM	3M Company Sell-off Trend	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.7	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.69	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.83	BA	Boeing Earnings Call This Week	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.66	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.68	DIS	Walt Disney	Pair Corr

Moving against WisdomTree Etf

0.32

ATT Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.65	0.34	-0.24	-0.42	0.79	0.85	0.88	0.31	0.08	META
MSFT	0.65		-0.11	0.08	-0.83	0.9	0.9	0.71	0.53	-0.02	MSFT
UBER	0.34	-0.11		-0.22	0.43	-0.13	-0.07	0.33	-0.36	0.27	UBER
F	-0.24	0.08	-0.22		0.02	0.03	-0.04	-0.22	0.49	0.6	F
T	-0.42	-0.83	0.43	0.02		-0.81	-0.77	-0.42	-0.54	0.22	T
A	0.79	0.9	-0.13	0.03	-0.81		0.97	0.79	0.64	0.07	A
CRM	0.85	0.9	-0.07	-0.04	-0.77	0.97		0.83	0.53	0.0	CRM
JPM	0.88	0.71	0.33	-0.22	-0.42	0.79	0.83		0.21	0.07	JPM
MRK	0.31	0.53	-0.36	0.49	-0.54	0.64	0.53	0.21		0.33	MRK
XOM	0.08	-0.02	0.27	0.6	0.22	0.07	0.0	0.07	0.33		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

CRM	+ 0.97	A
A	+ 0.9	MSFT
CRM	+ 0.9	MSFT
JPM	+ 0.88	META
CRM	+ 0.85	META
JPM	+ 0.83	CRM

High negative correlations

T	- 0.83	MSFT
A	- 0.81	T
CRM	- 0.77	T
MRK	- 0.54	T
JPM	- 0.42	T
T	- 0.42	META

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	2.11	(0.02)	0.00	(0.14)	0.00	0.00	2.96	(4.67)	21.50
MSFT	1.38	(0.05)	0.00	(0.17)	0.00	0.00	2.91	(3.34)	13.79
UBER	2.24	0.42	0.12	0.21	2.89	(2.16)	5.40	(4.21)	16.03
F	1.97	0.18	0.06	0.05	2.81	(1.92)	3.19	(3.88)	13.11
T	1.12	0.36	0.20	(6.44)	2.05	(1.21)	1.97	(1.75)	13.13
A	1.59	(0.35)	0.00	(0.43)	0.00	0.00	2.92	(5.45)	14.45
CRM	1.68	(0.25)	0.00	(0.34)	0.00	0.00	2.82	(4.51)	12.32
JPM	1.54	(0.04)	0.00	(0.27)	0.00	0.00	2.66	(4.15)	11.14
MRK	1.50	(0.29)	0.00	(0.84)	0.00	0.00	2.43	(4.81)	11.58
XOM	1.41	0.09	0.00	(0.02)	0.00	0.00	2.69	(3.21)	10.54

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