WisdomTree Issuer Correlations

WSEMF Etf

USD 30.35 0.18 0.59%

The current 90-days correlation between WisdomTree Issuer ICAV and Wisdomtree Digital Trust is 0.28 (i.e., Modest diversification). The correlation of WisdomTree Issuer 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.

WisdomTree Issuer Correlation With Market

Modest diversification

The correlation between WisdomTree Issuer ICAV and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Issuer ICAV 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 Issuer ICAV. Also, note that the market value of any otc etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree OTC Etf

0.61	VWO	Vanguard FTSE Emerging	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	IBM	International Business	Pair Corr

Moving against WisdomTree OTC Etf

0.48	MPAY	Exchange Traded Concepts	Pair Corr
0.51	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.8	0.78	0.53	0.91	0.15	0.92	0.21	0.52	META
MSFT	0.97		0.83	0.83	0.49	0.85	0.15	0.95	0.24	0.51	MSFT
UBER	0.8	0.83		0.88	0.37	0.76	0.46	0.84	0.18	0.45	UBER
F	0.78	0.83	0.88		0.36	0.8	0.15	0.89	0.43	0.69	F
T	0.53	0.49	0.37	0.36		0.55	0.09	0.46	0.27	0.19	T
A	0.91	0.85	0.76	0.8	0.55		0.12	0.85	0.37	0.64	A
CRM	0.15	0.15	0.46	0.15	0.09	0.12		0.06	-0.38	-0.23	CRM
JPM	0.92	0.95	0.84	0.89	0.46	0.85	0.06		0.34	0.6	JPM
MRK	0.21	0.24	0.18	0.43	0.27	0.37	-0.38	0.34		0.54	MRK
XOM	0.52	0.51	0.45	0.69	0.19	0.64	-0.23	0.6	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.92	META
A	+ 0.91	META
JPM	+ 0.89	F
F	+ 0.88	UBER

High negative correlations

MRK	- 0.38	CRM
XOM	- 0.23	CRM

WisdomTree Issuer Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree OTC Etf performing well and WisdomTree Issuer OTC 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 Issuer'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
META	1.43	0.30	0.31	0.47	0.58	(1.75)	3.99	(1.93)	10.48
MSFT	0.82	0.37	0.50	0.77	0.00	(1.04)	2.33	(0.94)	8.85
UBER	1.56	0.10	0.07	0.33	1.35	(1.96)	4.19	(2.02)	10.87
F	1.28	0.08	0.03	0.33	1.38	(1.40)	2.69	(2.33)	7.46
T	0.97	0.04	(0.10)	0.41	1.16	(1.06)	2.35	(2.23)	5.71
A	1.50	(0.13)	0.03	0.16	1.75	(1.58)	2.82	(2.89)	14.01
CRM	1.30	0.25	(0.06)	(0.23)	1.64	(1.29)	2.95	(3.19)	9.31
JPM	0.87	0.17	0.16	0.41	0.47	(1.01)	2.25	(1.31)	6.03
MRK	1.39	(0.13)	(0.04)	0.12	1.85	(1.35)	2.90	(3.31)	10.58
XOM	1.09	0.02	(0.09)	0.32	1.37	(1.06)	2.18	(2.58)	6.28

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