Wisdomtree Japan Hedged Etf Profile
| DXJ Etf | USD 105.72 0.07 0.07% |
Performance14 of 100
| Odds Of DistressLess than 9
|
WisdomTree Japan is selling for 105.72 as of the 19th of April 2024. This is a 0.07 percent increase since the beginning of the trading day. The etf's last reported lowest price was 105.59. WisdomTree Japan has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for WisdomTree Japan Hedged are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Under normal circumstances, at least 95 percent of the funds total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. More on WisdomTree Japan Hedged
Moving together with WisdomTree Etf
| 0.89 | EWJ | iShares MSCI Japan | PairCorr |
| 0.91 | BBJP | JPMorgan BetaBuilders | PairCorr |
| 0.91 | FLJP | Franklin FTSE Japan | PairCorr |
| 0.98 | HEWJ | iShares Currency Hedged | PairCorr |
| 0.99 | DBJP | Xtrackers MSCI Japan | PairCorr |
| 0.84 | DFJ | WisdomTree Japan SmallCap | PairCorr |
Moving against WisdomTree Etf
| 0.81 | HUM | Humana Inc Earnings Call This Week | PairCorr |
WisdomTree Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. WisdomTree Japan's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding WisdomTree Japan or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Target Risk ETFs, Japan Stock, WisdomTree (View all Sectors) |
| Issuer | WisdomTree |
| Inception Date | 2006-06-16 |
| Benchmark | WisdomTree Japan Hedged Equity Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 4.68 Billion |
| Average Trading Valume | 1.02 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Target Risk |
| Market Concentration | Developed Markets |
| Region | Asia-Pacific |
| Administrator | State Street Bank and Trust Company |
| Advisor | WisdomTree Asset Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Karen Q. Wong, Richard A. Brown, Thomas J. Durante |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 452 |
| Market Maker | Jane Street |
| Total Expense | 0.48 |
| Management Fee | 0.48 |
| Country Name | USA |
| Returns Y T D | 20.42 |
| Name | WisdomTree Japan Hedged Equity Fund |
| Currency Code | USD |
| Open Figi | BBG000BT12H9 |
| In Threey Volatility | 13.2 |
| 1y Volatility | 13.56 |
| 200 Day M A | 92.0985 |
| 50 Day M A | 104.58 |
| Code | DXJ |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
WisdomTree Japan Hedged [DXJ] is traded in USA and was established 2006-06-16. The fund is classified under Japan Stock category within WisdomTree family. The entity is thematically classified as Strategy ETFs. WisdomTree Japan Hedged currently have 1.9 B in assets under management (AUM). , while the total return for the last 3 years was 23.8%.
Check WisdomTree Japan Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on WisdomTree Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding WisdomTree Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as WisdomTree Japan Hedged Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
WisdomTree Japan Hedged Currency Exposure
WisdomTree Japan Hedged holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of WisdomTree Japan will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in WisdomTree Japan Hedged.
Top WisdomTree Japan Hedged Etf Constituents
| NSANF | Nissan Motor Co | Pink Sheet | Auto Manufacturers |
| BRDCF | Bridgestone | Pink Sheet | Auto Parts |
| SMFNF | Sumitomo Mitsui Financial | Pink Sheet | Banks—Diversified |
| CAJFF | Canon Inc | Pink Sheet | Computer Hardware |
| TKPHF | Takeda Pharmaceutical Co | Pink Sheet | Drug Manufacturers—Specialty & Generic |
| TOYOF | Toyota Motor Corp | Pink Sheet | Auto Manufacturers |
| HNDAF | Honda Motor Co | Pink Sheet | Auto Manufacturers |
WisdomTree Japan Target Price Odds Analysis
Based on a normal probability distribution, the odds of WisdomTree Japan jumping above the current price in 90 days from now is about 25.1%. The WisdomTree Japan Hedged probability density function shows the probability of WisdomTree Japan etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon WisdomTree Japan has a beta of 0.5518 suggesting as returns on the market go up, WisdomTree Japan average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WisdomTree Japan Hedged will be expected to be much smaller as well. Additionally, wisdomTree Japan Hedged has an alpha of 0.1381, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of WisdomTree Japan to move above the current price in 90 days from now is about 25.1 (This WisdomTree Japan Hedged probability density function shows the probability of WisdomTree Etf to fall within a particular range of prices over 90 days) .
WisdomTree Japan Top Holders
| MFLDX | Marketfield Fund Marketfield | Mutual Fund | Long-Short Equity |
| MFCDX | Marketfield Fund Marketfield | Mutual Fund | Long-Short Equity |
| MFADX | Marketfield Fund Marketfield | Mutual Fund | Long-Short Equity |
| DFJ | WisdomTree Japan SmallCap | Etf | Japan Stock |
| ZZZD | BMO Tactical Dividend | Stock | Energy |
| AAANX | Horizon Active Asset | Mutual Fund | Tactical Allocation |
| HASIX | Horizon Active Asset | Mutual Fund | Tactical Allocation |
WisdomTree Japan Hedged Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. WisdomTree Japan market risk premium is the additional return an investor will receive from holding WisdomTree Japan long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in WisdomTree Japan. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although WisdomTree Japan's alpha and beta are two of the key measurements used to evaluate WisdomTree Japan's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1316 | |||
| Jensen Alpha | 0.1381 | |||
| Total Risk Alpha | 0.0883 | |||
| Sortino Ratio | 0.1192 |
WisdomTree Japan Against Markets
Picking the right benchmark for WisdomTree Japan etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in WisdomTree Japan etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for WisdomTree Japan is critical whether you are bullish or bearish towards WisdomTree Japan Hedged at a given time. Please also check how WisdomTree Japan's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in WisdomTree Japan without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
How to buy WisdomTree Etf?
Before investing in WisdomTree Japan, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in WisdomTree Japan. To buy WisdomTree Japan etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of WisdomTree Japan. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase WisdomTree Japan etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located WisdomTree Japan Hedged etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased WisdomTree Japan Hedged etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as WisdomTree Japan Hedged, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy WisdomTree Etf please use our How to Invest in WisdomTree Japan guide.
Already Invested in WisdomTree Japan Hedged?
The danger of trading WisdomTree Japan Hedged is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of WisdomTree Japan is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than WisdomTree Japan. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile WisdomTree Japan Hedged is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether WisdomTree Japan Hedged is a strong investment it is important to analyze WisdomTree Japan's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree Japan's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Japan Hedged. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of WisdomTree Japan Hedged is measured differently than its book value, which is the value of WisdomTree that is recorded on the company's balance sheet. Investors also form their own opinion of WisdomTree Japan's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Japan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WisdomTree Japan's market value can be influenced by many factors that don't directly affect WisdomTree Japan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WisdomTree Japan's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Japan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Japan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.