WisdomTree Japan Correlations

DFJ Etf

USD 97.58 1.15 1.19%

The current 90-days correlation between WisdomTree Japan SmallCap and WisdomTree SmallCap Quality is 0.5 (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 SmallCap 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 SmallCap and DJI is 0.45 (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 SmallCap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Japan SmallCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with WisdomTree Etf

0.8	EWJV	iShares MSCI Japan	Pair Corr
0.95	SCJ	iShares MSCI Japan	Pair Corr
0.74	VTV	Vanguard Value Index	Pair Corr
0.63	KIE	SPDR SP Insurance	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.65	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	DGRS	EIDO	WCLD	DFNL	SMMV	EWN	XMVM	DFE	HAWX	NUEM
DGRS		0.01	0.62	0.57	0.74	0.54	0.69	0.9	0.18	0.02	DGRS
EIDO	0.01		-0.12	0.66	0.3	0.07	0.5	-0.09	0.76	0.34	EIDO
WCLD	0.62	-0.12		0.26	0.17	0.44	0.27	0.59	0.01	0.17	WCLD
DFNL	0.57	0.66	0.26		0.74	0.23	0.95	0.45	0.54	-0.01	DFNL
SMMV	0.74	0.3	0.17	0.74		0.34	0.81	0.68	0.38	-0.05	SMMV
EWN	0.54	0.07	0.44	0.23	0.34		0.24	0.62	0.56	0.64	EWN
XMVM	0.69	0.5	0.27	0.95	0.81	0.24		0.57	0.41	-0.14	XMVM
DFE	0.9	-0.09	0.59	0.45	0.68	0.62	0.57		0.14	0.02	DFE
HAWX	0.18	0.76	0.01	0.54	0.38	0.56	0.41	0.14		0.73	HAWX
NUEM	0.02	0.34	0.17	-0.01	-0.05	0.64	-0.14	0.02	0.73		NUEM
	DGRS	EIDO	WCLD	DFNL	SMMV	EWN	XMVM	DFE	HAWX	NUEM

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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

XMVM	+ 0.95	DFNL
DFE	+ 0.9	DGRS
XMVM	+ 0.81	SMMV
HAWX	+ 0.76	EIDO
SMMV	+ 0.74	DGRS
SMMV	+ 0.74	DFNL

High negative correlations

NUEM	- 0.14	XMVM
WCLD	- 0.12	EIDO
DFE	- 0.09	EIDO
NUEM	- 0.05	SMMV
NUEM	- 0.01	DFNL

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DGRS	0.77	(0.06)	(0.04)	0.01	0.96	(0.87)	2.29	(1.69)	4.62
EIDO	0.71	0.06	0.03	0.21	0.71	(0.84)	1.92	(1.50)	4.53
WCLD	1.19	(0.10)	0.00	(0.02)	0.00	0.00	1.99	(2.75)	6.65
DFNL	0.64	0.05	0.05	0.11	0.74	(0.68)	1.48	(1.40)	3.78
SMMV	0.45	0.01	(0.03)	0.08	0.47	(0.49)	0.98	(0.94)	2.52
EWN	0.77	0.00	0.00	0.06	1.04	(0.70)	1.43	(1.52)	4.64
XMVM	0.71	0.02	0.02	0.08	0.89	(0.84)	1.82	(1.13)	4.96
DFE	0.58	(0.02)	(0.05)	0.03	0.69	(0.59)	1.13	(1.09)	2.88
HAWX	0.49	0.05	0.04	0.12	0.67	(0.51)	0.92	(0.97)	3.27
NUEM	0.65	(0.01)	(0.02)	0.05	0.90	(0.66)	1.20	(1.30)	5.17

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