WisdomTree Emerging Correlations

CEW Etf

USD 18.47 0.04 0.22%

The correlation of WisdomTree Emerging 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Emerging Correlation With Market

Very weak diversification

The correlation between WisdomTree Emerging Currency and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Currency and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WisdomTree Emerging Currency. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with WisdomTree Etf

0.96	LEMB	iShares JP Morgan	Pair Corr
0.98	FEMB	First Trust Emerging	Pair Corr
0.9	CBON	VanEck China Bond	Pair Corr
0.84	SIXD	AIM ETF Products	Pair Corr
0.64	CEFD	ETRACS Monthly Pay	Pair Corr
0.82	EAOM	iShares ESG Aware	Pair Corr
0.88	BLLD	JPMorgan	Pair Corr
0.92	AGEM	abrdn Emerging Markets	Pair Corr
0.88	QGRW	WisdomTree Trust	Pair Corr
0.87	DFEV	Dimensional ETF Trust	Pair Corr
0.89	JDIV	JP Morgan Exchange	Pair Corr
0.88	GSIG	Goldman Sachs Access	Pair Corr
0.91	GLOF	iShares MSCI Global	Pair Corr
0.86	FLXR	TCW ETF Trust	Pair Corr
0.9	QVOY	Ultimus Managers Trust	Pair Corr
0.95	XAR	SPDR SP Aerospace	Pair Corr
0.93	ARKB	ARK 21Shares Bitcoin	Pair Corr
0.86	BTFD	Valkyrie Bitcoin Strategy	Pair Corr
0.88	PWRD	Perfect World Symbol Change	Pair Corr
0.94	CBTJ	Calamos Bitcoin 80	Pair Corr
0.94	GPGEX	Grandeur Peak Global	Pair Corr
0.94	BRRR	Valkyrie Bitcoin	Pair Corr
0.82	FMIL	Fidelity New Millennium	Pair Corr
0.67	OBND	SSGA Active Trust	Pair Corr
0.96	NFXL	Direxion Daily NFLX	Pair Corr
0.8	BUFR	First Trust Cboe	Pair Corr
0.79	RINF	ProShares Inflation	Pair Corr
0.93	DMCY	Democracy International	Pair Corr
0.87	EURL	Direxion Daily FTSE	Pair Corr
0.98	FNDC	Schwab Fundamental	Pair Corr
0.9	ODCEX	ODCEX	Pair Corr
0.91	IXUS	iShares Core MSCI	Pair Corr
0.81	FMAY	First Trust Exchange	Pair Corr
0.65	BSV	Vanguard Short Term	Pair Corr

Moving against WisdomTree Etf

0.41	VXX	iPath Series B Low Volatility	Pair Corr
0.41	VIXY	ProShares VIX Short Low Volatility	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.91	0.74	0.78	0.53	0.67	0.53	0.86	-0.17	0.13	META
MSFT	0.91		0.89	0.82	0.54	0.37	0.43	0.92	-0.47	-0.17	MSFT
UBER	0.74	0.89		0.87	0.49	0.26	0.61	0.88	-0.51	-0.19	UBER
F	0.78	0.82	0.87		0.5	0.49	0.65	0.9	-0.24	0.11	F
T	0.53	0.54	0.49	0.5		0.28	0.2	0.57	-0.18	0.11	T
A	0.67	0.37	0.26	0.49	0.28		0.6	0.41	0.55	0.7	A
CRM	0.53	0.43	0.61	0.65	0.2	0.6		0.49	0.17	0.31	CRM
JPM	0.86	0.92	0.88	0.9	0.57	0.41	0.49		-0.41	-0.05	JPM
MRK	-0.17	-0.47	-0.51	-0.24	-0.18	0.55	0.17	-0.41		0.72	MRK
XOM	0.13	-0.17	-0.19	0.11	0.11	0.7	0.31	-0.05	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

JPM	+ 0.92	MSFT
MSFT	+ 0.91	META
JPM	+ 0.9	F
UBER	+ 0.89	MSFT
JPM	+ 0.88	UBER
F	+ 0.87	UBER

High negative correlations

MRK	- 0.51	UBER
MRK	- 0.47	MSFT
MRK	- 0.41	JPM
MRK	- 0.24	F
XOM	- 0.19	UBER
MRK	- 0.18	T

WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging's 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	0.25	0.08	(6.57)	2.52	(2.36)	4.23	(4.29)	21.50
MSFT	1.23	0.34	0.19	(5.80)	1.19	(1.34)	2.40	(2.36)	13.79
UBER	1.90	0.24	0.08	(1.40)	2.28	(2.09)	4.19	(3.48)	16.18
F	1.71	0.11	0.04	0.14	2.24	(1.75)	2.90	(3.84)	13.07
T	1.14	0.08	0.03	0.29	1.79	(1.14)	2.01	(2.62)	8.83
A	1.78	(0.06)	0.00	0.23	0.00	0.00	2.76	(4.15)	14.45
CRM	1.59	(0.10)	0.00	1.72	0.00	0.00	3.01	(3.64)	13.13
JPM	1.32	0.23	0.10	0.23	1.95	(1.38)	2.75	(2.12)	11.14
MRK	1.62	(0.23)	0.00	0.86	0.00	0.00	2.55	(4.72)	10.58
XOM	1.28	0.01	0.00	1.71	2.24	(1.20)	2.62	(2.77)	10.53

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