| DDWM Etf | | | USD 40.05 0.27 0.68% |
The current 90-days correlation between WisdomTree Dynamic and Xtrackers MSCI All is -0.27 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Dynamic Currency moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
WisdomTree Dynamic Correlation With Market
Very weak diversification
The correlation between WisdomTree Dynamic Currency and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Dynamic Currency and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Dynamic 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 housing.