Affinity World Correlations

WLDR Etf

USD 30.03 0.03 0.1%

The current 90-days correlation between Affinity World Leaders and WisdomTree Corporate Bond is -0.06 (i.e., Good diversification). The correlation of Affinity World 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.

Affinity World Correlation With Market

Poor diversification

The correlation between Affinity World Leaders and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity World Leaders and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Affinity World Leaders. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Affinity Etf

0.61	JDIV	JP Morgan Exchange	Pair Corr
0.9	HERD	Pacer Cash Cows	Pair Corr
0.84	FPAG	Northern Lights	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.77	AXP	American Express	Pair Corr
0.7	HD	Home Depot	Pair Corr

Moving against Affinity Etf

0.38	WTID	UBS ETRACS Upward Rally	Pair Corr
0.55	MRK	Merck Company	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	WFIG	TTAI	VALQ	MFDX	SPXE
WFIG		0.0	-0.2	0.48	-0.46	WFIG
TTAI	0.0		0.0	0.0	0.0	TTAI
VALQ	-0.2	0.0		0.15	0.79	VALQ
MFDX	0.48	0.0	0.15		-0.42	MFDX
SPXE	-0.46	0.0	0.79	-0.42		SPXE
	WFIG	TTAI	VALQ	MFDX	SPXE

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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

SPXE	+ 0.79	VALQ
MFDX	+ 0.48	WFIG
MFDX	+ 0.15	VALQ
TTAI	+ 0.0	WFIG
VALQ	+ 0.0	TTAI
MFDX	+ 0.0	TTAI

High negative correlations

SPXE	- 0.46	WFIG
SPXE	- 0.42	MFDX
VALQ	- 0.2	WFIG
SPXE	- 0.0	TTAI
MFDX	- 0.0	TTAI
VALQ	- 0.0	TTAI

Affinity World Constituents Risk-Adjusted Indicators

There is a big difference between Affinity Etf performing well and Affinity World 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 Affinity World'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
WFIG	0.26	(0.02)	0.00	0.44	0.00	0.00	0.45	(0.71)	1.52
TTAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VALQ	0.66	(0.05)	0.00	(0.06)	0.00	0.00	1.16	(1.36)	3.09
MFDX	0.61	0.11	0.13	0.21	0.69	(0.67)	1.30	(0.94)	3.92
SPXE	0.82	(0.08)	0.00	(0.08)	0.00	0.00	1.24	(1.73)	4.94

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