WisdomTree Emerging Correlations

ELD Etf

USD 26.58 0.07 0.26%

The current 90-days correlation between WisdomTree Emerging and VanEck JP Morgan is 0.58 (i.e., Very weak 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

Significant diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.04 (i.e., Significant 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 bureau of economic analysis.

Moving together with WisdomTree Etf

0.95	LEMB	iShares JP Morgan	Pair Corr
0.94	FEMB	First Trust Emerging	Pair Corr
0.96	CEW	WisdomTree Emerging	Pair Corr
0.88	PMBS	PIMCO Mortgage Backed	Pair Corr
0.87	YCL	ProShares Ultra Yen	Pair Corr
0.89	FXY	Invesco CurrencyShares	Pair Corr
0.78	ULE	ProShares Ultra Euro	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.84	KO	Coca Cola	Pair Corr
0.89	T	ATT Inc Sell-off Trend	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.87	VZ	Verizon Communications	Pair Corr
0.64	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.62	INTC	Intel Sell-off Trend	Pair Corr
0.88	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.74	MSFT	Microsoft Aggressive Push	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.56	DIS	Walt Disney	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	EMLC	PCY	EBND	LEMB	EMCB
EMLC		0.85	0.99	0.99	0.83	EMLC
PCY	0.85		0.88	0.83	0.84	PCY
EBND	0.99	0.88		0.98	0.84	EBND
LEMB	0.99	0.83	0.98		0.82	LEMB
EMCB	0.83	0.84	0.84	0.82		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	0.35	0.03	0.14	(1.94)	0.38	(0.39)	0.78	(0.71)	2.12
PCY	0.43	0.00	0.00	(0.04)	0.00	0.00	0.94	(0.71)	2.41
EBND	0.33	0.02	0.12	(0.32)	0.38	(0.40)	0.81	(0.65)	2.43
LEMB	0.33	0.03	0.15	(0.50)	0.35	(0.34)	0.66	(0.66)	2.21
EMCB	0.46	0.01	0.08	0.28	0.54	(0.46)	1.13	(1.03)	2.45

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