WisdomTree Emerging Correlations

XC Etf

USD 35.30 0.17 0.48%

The current 90-days correlation between WisdomTree Emerging and iShares MSCI BIC is 0.69 (i.e., Poor 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

Very weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.53 (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 Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Your Current Watchlist 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 interest.

Moving together with WisdomTree Etf

0.88	VWO	Vanguard FTSE Emerging	Pair Corr
0.74	EMC	Global X Funds	Pair Corr
0.9	EEM	iShares MSCI Emerging	Pair Corr
0.89	SPEM	SPDR Portfolio Emerging	Pair Corr
0.9	ESGE	iShares ESG Aware	Pair Corr
0.84	YFYA	Listed Funds Trust	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.66	IBM	International Business	Pair Corr
0.64	CSCO	Cisco Systems Earnings Call Tomorrow	Pair Corr
0.68	GE	GE Aerospace	Pair Corr

Moving against WisdomTree Etf

0.81	FIEE	FiEE, Inc Symbol Change	Pair Corr
0.64	T	ATT Inc	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.5	HD	Home Depot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.14	0.06	-0.55	0.74	-0.65	-0.17	-0.47	-0.42	-0.45	META
MSFT	0.14		0.23	0.38	-0.42	0.44	0.05	0.04	0.26	0.09	MSFT
UBER	0.06	0.23		-0.08	-0.01	-0.14	0.09	0.49	0.03	0.39	UBER
F	-0.55	0.38	-0.08		-0.68	0.78	0.19	0.23	0.32	0.36	F
T	0.74	-0.42	-0.01	-0.68		-0.86	-0.27	-0.37	-0.59	-0.46	T
A	-0.65	0.44	-0.14	0.78	-0.86		0.18	0.31	0.51	0.38	A
CRM	-0.17	0.05	0.09	0.19	-0.27	0.18		-0.02	0.32	0.39	CRM
JPM	-0.47	0.04	0.49	0.23	-0.37	0.31	-0.02		0.02	0.76	JPM
MRK	-0.42	0.26	0.03	0.32	-0.59	0.51	0.32	0.02		0.26	MRK
XOM	-0.45	0.09	0.39	0.36	-0.46	0.38	0.39	0.76	0.26		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

A	+ 0.78	F
XOM	+ 0.76	JPM
T	+ 0.74	META
MRK	+ 0.51	A
JPM	+ 0.49	UBER
A	+ 0.44	MSFT

High negative correlations

A	- 0.86	T
T	- 0.68	F
A	- 0.65	META
MRK	- 0.59	T
F	- 0.55	META
JPM	- 0.47	META

WisdomTree Emerging Competition 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	1.28	(0.25)	0.00	1.02	0.00	0.00	2.12	(2.67)	14.49
MSFT	0.78	(0.13)	0.00	(0.06)	0.00	0.00	1.85	(1.98)	5.08
UBER	1.45	(0.06)	(0.03)	0.06	1.83	(1.51)	3.34	(2.71)	9.09
F	1.39	0.09	0.09	0.18	1.45	(1.66)	3.66	(1.73)	16.30
T	0.97	(0.19)	0.00	(0.55)	0.00	0.00	1.82	(2.32)	6.25
A	1.29	0.20	0.17	0.29	0.98	(1.46)	3.82	(2.04)	10.46
CRM	1.56	(0.03)	(0.02)	0.09	2.15	(1.52)	3.59	(3.61)	9.91
JPM	0.79	0.16	0.02	(1.09)	0.99	(0.78)	1.67	(1.74)	4.74
MRK	1.17	0.14	0.01	(1.58)	1.16	(1.37)	1.80	(2.36)	11.45
XOM	0.86	0.15	0.03	1.52	1.02	(0.85)	1.77	(1.93)	4.70

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