WisdomTree Japan Correlations

DXJ Etf

USD 109.30 0.17 0.16%

The current 90-days correlation between WisdomTree Japan Hedged and WisdomTree Europe Hedged is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Japan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Japan Hedged moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Japan Correlation With Market

Very weak diversification

The correlation between WisdomTree Japan Hedged and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Japan Hedged 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 Japan Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with WisdomTree Etf

0.99	HEWJ	iShares Currency Hedged	Pair Corr
0.99	DBJP	Xtrackers MSCI Japan	Pair Corr
0.71	PULS	PGIM Ultra Short	Pair Corr
0.71	MPAY	Akros Monthly Payout	Pair Corr
0.8	BUFF	Innovator Laddered	Pair Corr
0.82	SPY	SPDR SP 500	Pair Corr
0.82	PPA	Invesco Aerospace Defense	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.82	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.81	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.89	HPQ	HP Inc	Pair Corr
0.83	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against WisdomTree Etf

0.7	BITI	ProShares Trust	Pair Corr
0.63	GREI	Goldman Sachs Future	Pair Corr
0.4	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.37	SCJ	iShares MSCI Japan	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.63	KO	Coca Cola Aggressive Push	Pair Corr
0.52	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.52	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	HEDJ	DFJ	DFE	EWJ	EWG
HEDJ		0.48	0.69	0.63	0.82	HEDJ
DFJ	0.48		0.87	0.92	0.49	DFJ
DFE	0.69	0.87		0.83	0.6	DFE
EWJ	0.63	0.92	0.83		0.51	EWJ
EWG	0.82	0.49	0.6	0.51		EWG
	HEDJ	DFJ	DFE	EWJ	EWG

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WisdomTree Japan Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Japan 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 Japan'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HEDJ	0.74	(0.09)	(0.06)	1.52	(1.87)	4.83
DFJ	0.74	(0.10)	(0.16)	1.38	(1.60)	4.43
DFE	0.78	(0.17)	(0.21)	1.95	(1.66)	5.21
EWJ	0.87	(0.13)	(0.08)	1.82	(2.04)	5.83
EWG	0.79	(0.05)	(0.06)	1.57	(1.74)	5.29

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