WisdomTree Correlations

WT Stock

12.67 0.11 0.88%

The current 90-days correlation between WisdomTree and Acadian Asset Management is 0.5 (i.e., Very weak 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

Poor diversification

The correlation between WisdomTree and DJI is 0.7 (i.e., Poor 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.

Build AI portfolio with WisdomTree Stock

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

0.96	GS	Goldman Sachs Group	Pair Corr
0.91	AXP	American Express Earnings Call This Week	Pair Corr
0.94	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.97	SCM	Stellus Capital Inve Normal Trading	Pair Corr
0.67	GAIN	Gladstone Investment	Pair Corr
0.87	GLAD	Gladstone Capital Normal Trading	Pair Corr
0.91	HTGC	Hercules Capital Normal Trading	Pair Corr
0.95	MAIN	Main Street Capital	Pair Corr
0.74	OPFI	OppFi Inc	Pair Corr
0.9	PFLT	PennantPark Floating Rate	Pair Corr
0.8	PYPL	PayPal Holdings	Pair Corr
0.96	ALLY	Ally Financial Earnings Call This Week	Pair Corr
0.87	ARCC	Ares Capital	Pair Corr
0.86	TPVG	Triplepoint Venture	Pair Corr
0.9	TSLX	Sixth Street Specialty	Pair Corr
0.98	CSWC	Capital Southwest	Pair Corr
0.96	C	Citigroup Aggressive Push	Pair Corr
0.89	L	Loews Corp	Pair Corr
0.93	DHIL	Diamond Hill Investment	Pair Corr
0.71	AB	AllianceBernstein Earnings Call Next Week	Pair Corr
0.67	AC	Associated Capital	Pair Corr
0.96	AX	Axos Financial	Pair Corr
0.85	BK	Bank of New York	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.78	BY	Byline Bancorp Earnings Call Next Week	Pair Corr
0.97	CG	Carlyle Group Earnings Call Next Week	Pair Corr
0.92	CM	Canadian Imperial Bank	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call Next Week	Pair Corr
0.65	HG	Hamilton Insurance Group,	Pair Corr
0.93	IX	Orix Corp Ads	Pair Corr

Moving against WisdomTree Stock

0.47	PSEC	Prospect Capital	Pair Corr
0.58	FG	FG Annuities Life	Pair Corr
0.55	EG	Everest Group	Pair Corr

Related Correlations Analysis

	AAMI	HOUS	SNEX	SPNT	TY	VCV	VKI	VKQ	VRTS
AAMI		0.7	0.69	0.63	0.81	0.69	0.19	0.2	0.97	AAMI
HOUS	0.7		0.63	0.65	0.81	0.8	0.33	0.45	0.76	HOUS
SNEX	0.69	0.63		0.5	0.64	0.79	0.65	0.65	0.67	SNEX
SPNT	0.63	0.65	0.5		0.86	0.69	0.11	0.3	0.72	SPNT
TY	0.81	0.81	0.64	0.86		0.82	0.22	0.4	0.9	TY
VCV	0.69	0.8	0.79	0.69	0.82		0.65	0.69	0.77	VCV
VKI	0.19	0.33	0.65	0.11	0.22	0.65		0.87	0.21	VKI
VKQ	0.2	0.45	0.65	0.3	0.4	0.69	0.87		0.27	VKQ
VRTS	0.97	0.76	0.67	0.72	0.9	0.77	0.21	0.27		VRTS
	AAMI	HOUS	SNEX	SPNT	TY	VCV	VKI	VKQ	VRTS

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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
AAMI	1.25	0.49	0.37	0.64	0.76	(1.57)	3.33	(1.80)	6.57
HOUS	2.87	0.04	0.04	0.14	3.34	(3.25)	7.54	(6.06)	19.58
SNEX	1.50	0.18	0.08	0.31	1.89	(1.54)	3.19	(2.59)	11.43
SPNT	1.56	0.38	0.14	(0.70)	1.25	(1.97)	5.67	(2.30)	11.29
TY	0.60	0.03	0.00	0.16	0.97	(0.57)	1.38	(1.27)	3.88
VCV	0.64	0.05	0.00	0.23	0.88	(0.74)	1.90	(1.12)	4.59
VKI	0.60	(0.05)	(0.13)	(0.01)	0.83	(0.63)	1.36	(1.21)	3.53
VKQ	0.53	(0.05)	(0.13)	0.00	0.81	(0.48)	1.00	(1.42)	3.78
VRTS	1.56	0.21	0.12	0.25	1.86	(1.63)	4.04	(3.20)	8.25

WisdomTree Corporate Management

Marci Frankenthaler	Chief Secretary	Profile
Alexis Marinof	Chief 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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