WisdomTree Global Correlations

DEW Etf

USD 56.29 0.01 0.02%

The current 90-days correlation between WisdomTree Global High and WisdomTree International High is 0.8 (i.e., Very poor diversification). The correlation of WisdomTree Global 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 Global Correlation With Market

Poor diversification

The correlation between WisdomTree Global High and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Global High 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 Global High. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with WisdomTree Etf

0.95	GCOW	Pacer Global Cash	Pair Corr
0.88	WDIV	SPDR SP Global	Pair Corr
0.96	DGT	SPDR Global Dow	Pair Corr
0.8	JDIV	JP Morgan Exchange	Pair Corr
0.98	ASET	FlexShares Real Assets	Pair Corr
0.93	BABX	GraniteShares 175x Long	Pair Corr
0.86	GDXU	MicroSectors Gold Miners	Pair Corr
0.94	XPP	ProShares Ultra FTSE	Pair Corr
0.85	JNUG	Direxion Daily Junior Potential Growth	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.71	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.62	PG	Procter Gamble	Pair Corr

Moving against WisdomTree Etf

0.76	PFIX	Simplify Interest Rate	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.47	AXP	American Express	Pair Corr
0.44	MRK	Merck Company	Pair Corr
0.44	MSFT	Microsoft Aggressive Push	Pair Corr
0.42	AA	Alcoa Corp	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.39	HD	Home Depot	Pair Corr
0.32	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	DTH	DIM	DNL	DWM	DFE
DTH		0.99	0.5	0.99	0.98	DTH
DIM	0.99		0.55	1.0	0.99	DIM
DNL	0.5	0.55		0.59	0.59	DNL
DWM	0.99	1.0	0.59		0.98	DWM
DFE	0.98	0.99	0.59	0.98		DFE
	DTH	DIM	DNL	DWM	DFE

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WisdomTree Global Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Global 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 Global'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
DTH	0.60	0.22	0.31	0.46	0.35	(0.68)	1.37	(0.95)	3.85
DIM	0.63	0.18	0.22	0.32	0.46	(0.69)	1.60	(0.92)	4.34
DNL	0.69	0.03	0.02	0.04	0.96	(0.64)	1.43	(1.15)	5.05
DWM	0.61	0.18	0.24	0.33	0.47	(0.72)	1.56	(0.93)	4.08
DFE	0.74	0.15	0.16	0.25	0.74	(0.79)	2.19	(1.33)	4.90

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