WisdomTree China Correlations

Etfs . USA . 
Etf . WisdomTree China ex State Owned
CXSE Etf  USD 34.77  0.03  0.09%   
The current 90-days correlation between WisdomTree China and Global X MSCI is 0.95 (i.e., Almost no 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

Very weak diversification

The correlation between WisdomTree China ex State Owne and DJI is 0.57 (i.e., Very weak 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

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  0.96ASHR Xtrackers Harvest CSI Sell-off TrendPairCorr
  1.0GXC SPDR SP ChinaPairCorr
  0.9CQQQ Invesco China TechnologyPairCorr
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  0.96CNYA iShares MSCI China Low VolatilityPairCorr
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  0.92BITO ProShares BitcoinPairCorr
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  0.91FNGG Direxion Daily SelectPairCorr
  0.91BITS Global X BlockchainPairCorr
  0.88BULZ MicroSectors SolactivePairCorr
  0.92SDY SPDR SP DividendPairCorr
  0.92BBCA JPMorgan BetaBuildersPairCorr
  0.93DIVS SmartETFs DividendPairCorr
  0.75Z Zillow Group ClassPairCorr
  0.89INDL Direxion Daily MSCIPairCorr
  0.91XSD SPDR SP SemiconductorPairCorr
  0.85BENJ Horizon FundsPairCorr
  0.91USXF iShares ESG AdvancedPairCorr
  0.96HDG ProShares Hedge ReplPairCorr
  0.91AGNG Global X AgingPairCorr
  0.79TFPN Tidal Trust IIPairCorr

Related Correlations Analysis

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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.

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