WisdomTree Emerging Correlations

ELD Etf

USD 28.18 0.08 0.28%

The current 90-days correlation between WisdomTree Emerging and VanEck JP Morgan is -0.02 (i.e., Good diversification). 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.

WisdomTree Emerging Correlation With Market

Good diversification

The correlation between WisdomTree Emerging Markets and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WisdomTree Etf

0.97	LEMB	iShares JP Morgan	Pair Corr
0.96	FEMB	First Trust Emerging	Pair Corr
0.88	CBON	VanEck China Bond	Pair Corr
0.93	CEW	WisdomTree Emerging	Pair Corr
0.79	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.94	ITDD	iShares Trust	Pair Corr
0.73	PMBS	PIMCO Mortgage Backed	Pair Corr
0.69	KWEB	KraneShares CSI China	Pair Corr
0.82	DFCF	Dimensional ETF Trust	Pair Corr
0.95	KEMQ	KraneShares Emerging	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.85	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.83	BA	Boeing Earnings Call This Week	Pair Corr
0.92	CAT	Caterpillar	Pair Corr
0.73	MMM	3M Company	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.85	IBM	International Business	Pair Corr
0.93	JPM	JPMorgan Chase	Pair Corr

Moving against WisdomTree Etf

0.85	MPAY	Exchange Traded Concepts	Pair Corr
0.8	MCD	McDonalds	Pair Corr
0.43	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EMLC	PCY	EBND	LEMB	EMCB
EMLC		0.95	1.0	0.98	0.92	EMLC
PCY	0.95		0.94	0.94	0.9	PCY
EBND	1.0	0.94		0.98	0.9	EBND
LEMB	0.98	0.94	0.98		0.9	LEMB
EMCB	0.92	0.9	0.9	0.9		EMCB
	EMLC	PCY	EBND	LEMB	EMCB

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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
EMLC	0.27	0.07	(0.41)	3.43	0.00	(0.34)	0.68	(0.40)	1.50
PCY	0.40	0.02	(0.18)	0.26	0.35	(0.42)	0.92	(0.83)	2.67
EBND	0.27	0.06	(0.40)	1.09	0.06	(0.33)	0.66	(0.48)	1.52
LEMB	0.26	0.07	(0.40)	1.99	0.00	(0.29)	0.66	(0.44)	1.49
EMCB	0.41	0.06	(0.19)	(2.90)	0.64	(0.42)	0.91	(1.10)	4.93

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