WisdomTree Emerging Correlations

DGS Etf

USD 49.26 0.49 0.98%

The current 90-days correlation between WisdomTree Emerging and WisdomTree International SmallCap is 0.79 (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. 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 Markets and DJI is 0.43 (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.

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 price.

Moving together with WisdomTree Etf

0.9	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	IEMG	iShares Core MSCI	Pair Corr
0.88	EMC	Global X Funds	Pair Corr
0.86	EEM	iShares MSCI Emerging	Pair Corr
0.91	SPEM	SPDR Portfolio Emerging	Pair Corr
0.8	FNDE	Schwab Fundamental	Pair Corr
0.85	ESGE	iShares ESG Aware	Pair Corr
0.82	SFGRX	Seafarer Overseas	Pair Corr
0.95	XSOE	WisdomTree Emerging	Pair Corr
0.62	GDXU	MicroSectors Gold Miners	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.7	INTC	Intel	Pair Corr

Moving against WisdomTree Etf

0.35

CAT

Caterpillar

Pair Corr

Related Correlations Analysis

	DLS	DEM	EWX	DES	DFE
DLS		0.96	0.55	-0.62	0.99	DLS
DEM	0.96		0.61	-0.51	0.96	DEM
EWX	0.55	0.61		-0.08	0.52	EWX
DES	-0.62	-0.51	-0.08		-0.66	DES
DFE	0.99	0.96	0.52	-0.66		DFE
	DLS	DEM	EWX	DES	DFE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DFE	+ 0.99	DLS
DEM	+ 0.96	DLS
DFE	+ 0.96	DEM
EWX	+ 0.61	DEM
EWX	+ 0.55	DLS
DFE	+ 0.52	EWX

High negative correlations

DFE	- 0.66	DES
DES	- 0.62	DLS
DES	- 0.51	DEM
DES	- 0.08	EWX

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
DLS	0.63	0.09	0.13	0.20	0.60	(0.68)	1.53	(0.90)	3.78
DEM	0.55	0.06	0.09	0.17	0.56	(0.66)	1.20	(1.30)	3.54
EWX	0.64	(0.04)	0.00	(0.12)	0.00	0.00	1.33	(1.57)	3.90
DES	0.82	(0.12)	0.00	(0.13)	0.00	0.00	1.41	(1.57)	3.49
DFE	0.75	0.14	0.15	0.26	0.81	(0.78)	2.19	(1.33)	4.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC