Correlation Between WisdomTree and CrossFirst Bankshares
Can any of the company-specific risk be diversified away by investing in both WisdomTree and CrossFirst Bankshares 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 WisdomTree and CrossFirst Bankshares into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between WisdomTree and CrossFirst Bankshares, you can compare the effects of market volatilities on WisdomTree and CrossFirst Bankshares 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 WisdomTree with a short position of CrossFirst Bankshares. Check out your portfolio center. Please also check ongoing floating volatility patterns of WisdomTree and CrossFirst Bankshares.
Diversification Opportunities for WisdomTree and CrossFirst Bankshares
-0.15 | Correlation Coefficient |
Good diversification
The 3 months correlation between WisdomTree and CrossFirst is -0.15. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree and CrossFirst Bankshares in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CrossFirst Bankshares and WisdomTree 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 WisdomTree are associated (or correlated) with CrossFirst Bankshares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CrossFirst Bankshares has no effect on the direction of WisdomTree i.e., WisdomTree and CrossFirst Bankshares go up and down completely randomly.
Pair Corralation between WisdomTree and CrossFirst Bankshares
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 |
WisdomTree vs. CrossFirst Bankshares
Performance |
| Timeline |
| WisdomTree |
| CrossFirst Bankshares |
Risk-Adjusted Performance
Weakest
Weak | Strong |
WisdomTree and CrossFirst Bankshares Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree and CrossFirst Bankshares
The main advantage of trading using opposite WisdomTree and CrossFirst Bankshares positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WisdomTree position performs unexpectedly, CrossFirst Bankshares 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 CrossFirst Bankshares will offset losses from the drop in CrossFirst Bankshares' long position.| WisdomTree vs. Acadian Asset Management | WisdomTree vs. Tri Continental Closed | WisdomTree vs. Grab Holdings | WisdomTree vs. Oxford Lane Capital |
| CrossFirst Bankshares vs. Origin Bancorp | CrossFirst Bankshares vs. Signature Bank | CrossFirst Bankshares vs. HomeTrust Bancshares | CrossFirst Bankshares vs. WisdomTree |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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