Correlation Between CrossFirst Bankshares and WisdomTree
Can any of the company-specific risk be diversified away by investing in both CrossFirst Bankshares and WisdomTree at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CrossFirst Bankshares and WisdomTree into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CrossFirst Bankshares and WisdomTree, you can compare the effects of market volatilities on CrossFirst Bankshares and WisdomTree and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CrossFirst Bankshares with a short position of WisdomTree. Check out your portfolio center. Please also check ongoing floating volatility patterns of CrossFirst Bankshares and WisdomTree.
Diversification Opportunities for CrossFirst Bankshares and WisdomTree
-0.15 | Correlation Coefficient |
Good diversification
The 3 months correlation between CrossFirst and WisdomTree is -0.15. Overlapping area represents the amount of risk that can be diversified away by holding CrossFirst Bankshares and WisdomTree in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree and CrossFirst Bankshares is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CrossFirst Bankshares are associated (or correlated) with WisdomTree. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree has no effect on the direction of CrossFirst Bankshares i.e., CrossFirst Bankshares and WisdomTree go up and down completely randomly.
Pair Corralation between CrossFirst Bankshares and WisdomTree
If you would invest 1,094 in WisdomTree on November 21, 2025 and sell it today you would earn a total of 604.00 from holding WisdomTree or generate 55.21% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 1.69% |
| Values | Daily Returns |
CrossFirst Bankshares vs. WisdomTree
Performance |
| Timeline |
| CrossFirst Bankshares |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| WisdomTree |
CrossFirst Bankshares and WisdomTree Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CrossFirst Bankshares and WisdomTree
The main advantage of trading using opposite CrossFirst Bankshares and WisdomTree positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CrossFirst Bankshares position performs unexpectedly, WisdomTree can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree will offset losses from the drop in WisdomTree's long position.| CrossFirst Bankshares vs. Origin Bancorp | CrossFirst Bankshares vs. Signature Bank | CrossFirst Bankshares vs. HomeTrust Bancshares | CrossFirst Bankshares vs. WisdomTree |
| WisdomTree vs. Acadian Asset Management | WisdomTree vs. Tri Continental Closed | WisdomTree vs. Grab Holdings | WisdomTree vs. Oxford Lane Capital |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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