WisdomTree Correlations

WT Stock

8.49 0.01 0.12%

The current 90-days correlation between WisdomTree and Invesco Municipal Trust is 0.26 (i.e., Modest diversification). The correlation of WisdomTree 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 Correlation With Market

Very weak diversification

The correlation between WisdomTree and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree 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 WisdomTree. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy WisdomTree Stock please use our How to Invest in WisdomTree guide.

Moving together with WisdomTree Stock

0.82	DHIL	Diamond Hill Investment	Pair Corr
0.83	BX	Blackstone Group Normal Trading	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.74	RC	Ready Capital Corp	Pair Corr
0.89	WD	Walker Dunlop	Pair Corr
0.92	VRTS	Virtus Investment	Pair Corr

Moving against WisdomTree Stock

0.8	DB	Deutsche Bank AG Buyout Trend	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.77	LX	Lexinfintech Holdings	Pair Corr
0.57	V	Visa Class A	Pair Corr
0.52	LU	Lufax Holding	Pair Corr
0.4	AB	AllianceBernstein	Pair Corr
0.65	DMYY	dMY Squared Technology	Pair Corr
0.54	DOMH	Dominari Holdings	Pair Corr
0.52	PT	Pintec Technology	Pair Corr
0.51	XP	Xp Inc	Pair Corr
0.51	GCMGW	GCM Grosvenor	Pair Corr
0.86	DYCQ	DT Cloud Acquisition	Pair Corr
0.84	EMCG	Embrace Change Acqui	Pair Corr
0.8	VMCA	Valuence Merger Corp	Pair Corr
0.74	EMCGU	Embrace Change Acqui	Pair Corr
0.68	ANSCU	Agriculture Natural	Pair Corr
0.64	ANSCW	Agriculture Natural	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF
VKI		0.94	0.53	0.2	0.91	0.95	0.96	0.84	0.88	VKI
VKQ	0.94		0.59	0.01	0.96	0.98	0.96	0.83	0.8	VKQ
VCV	0.53	0.59		0.16	0.51	0.56	0.53	0.29	0.31	VCV
VCTR	0.2	0.01	0.16		-0.03	-0.03	0.12	-0.17	0.09	VCTR
VGM	0.91	0.96	0.51	-0.03		0.96	0.95	0.82	0.77	VGM
IQI	0.95	0.98	0.56	-0.03	0.96		0.96	0.85	0.83	IQI
VMO	0.96	0.96	0.53	0.12	0.95	0.96		0.83	0.87	VMO
CXE	0.84	0.83	0.29	-0.17	0.82	0.85	0.83		0.87	CXE
KTF	0.88	0.8	0.31	0.09	0.77	0.83	0.87	0.87		KTF
	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF

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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

IQI	+ 0.98	VKQ
VMO	+ 0.96	VKI
VGM	+ 0.96	VKQ
VMO	+ 0.96	VKQ
IQI	+ 0.96	VGM
VMO	+ 0.96	IQI

High negative correlations

CXE	- 0.17	VCTR
IQI	- 0.03	VCTR
VGM	- 0.03	VCTR

Risk-Adjusted Indicators

There is a big difference between WisdomTree Stock performing well and WisdomTree Company 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'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
VKI	0.54	(0.06)	0.00	(0.45)	0.00	0.00	1.18	(1.11)	2.92
VKQ	0.49	(0.03)	0.00	(0.30)	0.00	0.00	1.04	(1.24)	3.24
VCV	0.56	0.02	0.12	0.10	0.77	(0.57)	1.22	(1.17)	4.40
VCTR	1.72	(0.01)	0.00	(0.10)	0.00	0.00	3.18	(3.84)	12.75
VGM	0.51	(0.03)	0.00	(0.28)	0.00	0.00	0.89	(1.18)	3.46
IQI	0.48	(0.03)	0.00	(0.32)	0.00	0.00	1.16	(0.89)	2.52
VMO	0.44	(0.06)	0.00	(0.43)	0.00	0.00	1.05	(1.13)	2.19
CXE	0.61	(0.06)	0.00	0.46	0.00	0.00	0.82	(1.33)	4.08
KTF	0.38	(0.07)	0.00	(0.93)	0.00	0.00	0.75	(1.13)	2.74

WisdomTree Corporate Management

Marci Frankenthaler	Chief Secretary	Profile
Alexis Marinof	Head Europe	Profile
Bryan Edmiston	Chief Officer	Profile
Will Abbott	Head Distribution	Profile
Peter JD	Senior Officer	Profile
Bryan CPA	Chief Officer	Profile
Jonathan Steinberg	CEO Founder	Profile

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