Wisdomtree Floating Correlations

FLTTX Fund

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The current 90-days correlation between Wisdomtree Floating Rate and Ms Global Fixed is 0.13 (i.e., Average diversification). The correlation of Wisdomtree Floating 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 Floating Correlation With Market

Good diversification

The correlation between Wisdomtree Floating Rate and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wisdomtree Floating Rate 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 Floating Rate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Wisdomtree Mutual Fund

0.8	WTSIX	Wisdomtree Digital Trust	Pair Corr
0.97	WTSYX	Wisdomtree Digital Trust	Pair Corr
0.8	PTSPX	Pimco Short Term	Pair Corr
0.8	PTSHX	Short Term Fund	Pair Corr
0.81	PSFAX	Short Term Fund	Pair Corr
0.8	PTSRX	Short Term Fund	Pair Corr
0.82	PSDNX	Putnam Ultra Short	Pair Corr
0.81	LUSNX	Lord Abbett Ultra	Pair Corr
0.86	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.78	PSDRX	Putnam Short Duration	Pair Corr
0.79	PSDYX	Putnam Short Duration	Pair Corr
0.79	TGVAX	Thornburg International	Pair Corr
0.9	ERGMX	Eaton Vance Global	Pair Corr
0.78	SGGDX	First Eagle Gold	Pair Corr
0.75	LBHYX	Thrivent High Yield	Pair Corr
0.79	RLEMX	Lazard Emerging Markets	Pair Corr
0.82	RBNNX	Robinson Opportunistic	Pair Corr
0.62	LDMFX	Lord Abbett Emerging	Pair Corr
0.63	HIPIX	The Hartford Inflation	Pair Corr

Related Correlations Analysis

	MFIRX	GHVIX	MCZRX	BXDCX	TRZOX	BUFHX	DHGCX
MFIRX		0.92	0.67	0.93	0.92	0.91	0.63	MFIRX
GHVIX	0.92		0.72	0.86	0.81	0.87	0.69	GHVIX
MCZRX	0.67	0.72		0.5	0.45	0.35	0.97	MCZRX
BXDCX	0.93	0.86	0.5		0.95	0.92	0.47	BXDCX
TRZOX	0.92	0.81	0.45	0.95		0.92	0.39	TRZOX
BUFHX	0.91	0.87	0.35	0.92	0.92		0.31	BUFHX
DHGCX	0.63	0.69	0.97	0.47	0.39	0.31		DHGCX
	MFIRX	GHVIX	MCZRX	BXDCX	TRZOX	BUFHX	DHGCX

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Risk-Adjusted Indicators

There is a big difference between Wisdomtree Mutual Fund performing well and Wisdomtree Floating Mutual Fund 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 Floating'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
MFIRX	0.11	0.03	0.19	0.76	0.00	(0.21)	0.19	(0.19)	0.76
GHVIX	0.15	0.02	0.21	(0.80)	0.00	(0.17)	0.30	(0.24)	0.90
MCZRX	0.25	0.03	0.16	0.38	0.18	(0.30)	0.68	(0.45)	1.60
BXDCX	0.08	0.01	0.30	(0.39)	0.00	(0.15)	0.22	(0.11)	0.65
TRZOX	0.09	0.00	0.17	0.00	0.00	(0.25)	0.22	(0.22)	0.66
BUFHX	0.08	0.00	0.31	0.00	0.00	(0.12)	0.19	(0.09)	0.57
DHGCX	0.17	0.02	0.19	0.24	0.03	(0.24)	0.37	(0.36)	1.10

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Wisdomtree Floating Correlations

Wisdomtree Floating Correlation With Market

Good diversification

Moving together with Wisdomtree Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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