WisdomTree International Correlations

DWMF Etf

USD 29.27 0.11 0.37%

The current 90-days correlation between WisdomTree International and WisdomTree Emerging Markets is 0.52 (i.e., Very weak diversification). The correlation of WisdomTree International 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 International Correlation With Market

Good diversification

The correlation between WisdomTree International Multi and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Multi 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 International Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.73	EFV	iShares MSCI EAFE	Pair Corr
0.71	FNDF	Schwab Fundamental	Pair Corr
0.73	VYMI	Vanguard International	Pair Corr
0.75	IDV	iShares International	Pair Corr
0.7	DFIV	Dimensional International	Pair Corr
0.73	IVLU	iShares Edge MSCI	Pair Corr
0.74	RODM	Hartford Multifactor	Pair Corr
0.72	PXF	Invesco FTSE RAFI	Pair Corr
0.72	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.7	BABX	GraniteShares 175x Long	Pair Corr
0.65	GDXU	MicroSectors Gold Miners	Pair Corr
0.76	XPP	ProShares Ultra FTSE Downward Rally	Pair Corr
0.64	JNUG	Direxion Daily Junior	Pair Corr
0.73	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.71	KO	Coca Cola Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.58	BAC	Bank of America	Pair Corr
0.61	AXP	American Express	Pair Corr
0.6	HPQ	HP Inc	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.51	DIS	Walt Disney	Pair Corr
0.38	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.11	0.51	-0.55	0.16	0.46	0.39	0.89	-0.64	-0.19	META
MSFT	0.11		-0.56	-0.07	-0.81	0.8	0.89	0.3	0.41	-0.58	MSFT
UBER	0.51	-0.56		-0.23	0.78	-0.33	-0.49	0.43	-0.83	0.51	UBER
F	-0.55	-0.07	-0.23		0.11	-0.21	-0.25	-0.4	0.38	0.47	F
T	0.16	-0.81	0.78	0.11		-0.67	-0.74	0.04	-0.66	0.65	T
A	0.46	0.8	-0.33	-0.21	-0.67		0.86	0.63	0.2	-0.5	A
CRM	0.39	0.89	-0.49	-0.25	-0.74	0.86		0.48	0.25	-0.66	CRM
JPM	0.89	0.3	0.43	-0.4	0.04	0.63	0.48		-0.55	-0.07	JPM
MRK	-0.64	0.41	-0.83	0.38	-0.66	0.2	0.25	-0.55		-0.38	MRK
XOM	-0.19	-0.58	0.51	0.47	0.65	-0.5	-0.66	-0.07	-0.38		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.89	META
CRM	+ 0.89	MSFT
CRM	+ 0.86	A
A	+ 0.8	MSFT
T	+ 0.78	UBER
XOM	+ 0.65	T

High negative correlations

MRK	- 0.83	UBER
T	- 0.81	MSFT
CRM	- 0.74	T
A	- 0.67	T
XOM	- 0.66	CRM
MRK	- 0.66	T

WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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
META	1.67	0.06	0.02	(0.01)	2.39	(1.45)	2.96	(4.29)	8.90
MSFT	1.12	(0.16)	0.00	(0.23)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.94	0.34	0.15	0.38	2.15	(2.13)	4.72	(3.13)	12.75
F	1.46	0.10	0.04	0.03	2.22	(1.38)	2.71	(2.89)	10.14
T	0.99	0.37	0.24	0.67	1.40	(1.17)	1.99	(1.21)	11.66
A	1.14	(0.15)	0.00	(0.21)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.39	(0.29)	0.00	(0.28)	0.00	0.00	2.72	(3.53)	8.88
JPM	1.10	0.11	0.06	0.03	1.67	(1.06)	2.16	(2.12)	6.85
MRK	1.21	(0.13)	0.00	0.61	0.00	0.00	2.07	(2.25)	11.58
XOM	1.01	0.20	0.16	0.38	1.21	(1.08)	2.55	(2.36)	5.89

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