WisdomTree China Correlations

Etfs . USA . 
Etf . WisdomTree China ex State Owned
CXSE Etf  USD 36.76  0.34  0.93%   
The current 90-days correlation between WisdomTree China and Global X MSCI is 0.91 (i.e., Almost no diversification). The correlation of WisdomTree China 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 China Correlation With Market

Weak diversification

The correlation between WisdomTree China ex State Owne and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree China ex State Owne 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 China ex State Owned. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with WisdomTree Etf

  0.94KWEB KraneShares CSI China Aggressive PushPairCorr
  0.97FXI iShares China LargePairCorr
  0.93EWT iShares MSCI TaiwanPairCorr
  0.94ASHR Xtrackers Harvest CSI Aggressive PushPairCorr
  0.99GXC SPDR SP ChinaPairCorr
  0.88CQQQ Invesco China TechnologyPairCorr
  0.91EWH iShares MSCI HongPairCorr
  0.93KBA KraneShares Bosera MSCIPairCorr
  0.95CNYA iShares MSCI China Low VolatilityPairCorr
  0.93GBTC Grayscale Bitcoin TrustPairCorr
  0.9USD ProShares Ultra SemiPairCorr
  0.9DFEN Direxion Daily AerospacePairCorr
  0.92DUSL Direxion Daily IndusPairCorr
  0.7DIG ProShares Ultra OilPairCorr
  0.9FNGO MicroSectors FANG IndexPairCorr
  0.62MLPR ETRACS Quarterly PayPairCorr
  0.95KGRN KraneShares MSCI ChinaPairCorr
  0.87BAC Bank of AmericaPairCorr
  0.89JPM JPMorgan ChasePairCorr
  0.86CSCO Cisco SystemsPairCorr
  0.9DD Dupont De NemoursPairCorr
  0.75CVX Chevron CorpPairCorr
  0.88GE GE Aerospace Earnings Call This WeekPairCorr
  0.91MSFT MicrosoftPairCorr
  0.76PFE Pfizer IncPairCorr
  0.87DIS Walt DisneyPairCorr
  0.89MMM 3M CompanyPairCorr

Moving against WisdomTree Etf

  0.56FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.61PG Procter GamblePairCorr
  0.57KO Coca Cola Earnings Call This WeekPairCorr
  0.52MCD McDonaldsPairCorr
  0.44VZ Verizon Communications Earnings Call TomorrowPairCorr

Related Correlations Analysis

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WisdomTree China Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree China 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 China'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.

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