WisdomTree China Correlations

CXSE Etf

USD 36.76 0.34 0.93%

The current 90-days correlation between WisdomTree China and Global X MSCI is 0.86 (i.e., Very poor diversification). The correlation of WisdomTree China 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 China Correlation With Market

Significant diversification

The correlation between WisdomTree China ex State Owne 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 China ex State Owne and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WisdomTree China ex State Owned. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with WisdomTree Etf

0.95	FXI	iShares China Large	Pair Corr
0.89	EWT	iShares MSCI Taiwan	Pair Corr
0.99	GXC	SPDR SP China	Pair Corr
0.85	CQQQ	Invesco China Technology	Pair Corr
0.87	EWH	iShares MSCI Hong	Pair Corr
0.93	KBA	KraneShares Bosera MSCI	Pair Corr
0.96	CNYA	iShares MSCI China Low Volatility	Pair Corr
0.7	DUSL	Direxion Daily Indus	Pair Corr

Moving against WisdomTree Etf

0.39	TRV	The Travelers Companies	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.32	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CHIQ	XSOE	CQQQ	CNYA	KURE
CHIQ		0.21	0.37	0.32	0.07	CHIQ
XSOE	0.21		0.56	0.77	0.69	XSOE
CQQQ	0.37	0.56		0.82	0.6	CQQQ
CNYA	0.32	0.77	0.82		0.79	CNYA
KURE	0.07	0.69	0.6	0.79		KURE
	CHIQ	XSOE	CQQQ	CNYA	KURE

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WisdomTree China Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree China 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 China'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
CHIQ	1.06	0.19	0.03	(2.33)	1.21	(1.13)	3.07	(2.39)	8.41
XSOE	0.58	0.26	0.18	50.37	0.22	(0.72)	1.42	(1.16)	4.79
CQQQ	1.12	0.24	0.07	(1.57)	1.10	(1.26)	3.18	(2.13)	7.34
CNYA	0.58	0.15	0.03	(9.44)	0.34	(0.77)	1.16	(1.07)	4.01
KURE	1.20	0.40	0.19	(5.89)	0.95	(1.45)	3.04	(1.67)	7.12

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