WisdomTree Japan Correlations
DXJ Etf | USD 111.09 0.70 0.63% |
The current 90-days correlation between WisdomTree Japan Hedged and WisdomTree Europe Hedged is 0.33 (i.e., 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
Good diversification
The correlation between WisdomTree Japan Hedged and DJI is -0.06 (i.e., Good 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.
WisdomTree |
Moving together with WisdomTree Etf
0.98 | HEWJ | iShares Currency Hedged | PairCorr |
0.98 | DBJP | Xtrackers MSCI Japan | PairCorr |
0.71 | ARKW | ARK Next Generation | PairCorr |
0.69 | BST | BlackRock Science Tech | PairCorr |
0.64 | CSCO | Cisco Systems | PairCorr |
0.62 | BA | Boeing | PairCorr |
0.62 | WMT | Walmart Aggressive Push | PairCorr |
Moving against WisdomTree Etf
0.63 | IRET | iREIT MarketVector | PairCorr |
0.62 | KO | Coca Cola Earnings Call This Week | PairCorr |
0.55 | HPQ | HP Inc | PairCorr |
0.55 | AA | Alcoa Corp | PairCorr |
0.53 | INTC | Intel | PairCorr |
0.44 | VZ | Verizon Communications | PairCorr |
0.35 | TRV | The Travelers Companies | PairCorr |
0.31 | MRK | Merck Company Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
HEDJ | 0.56 | 0.11 | 0.06 | 3.32 | 0.50 | 1.16 | 3.65 | |||
DFJ | 0.61 | 0.06 | (0.01) | (2.51) | 0.67 | 1.38 | 4.47 | |||
DFE | 0.70 | (0.03) | 0.00 | 6.65 | 0.00 | 1.30 | 4.43 | |||
EWJ | 0.71 | 0.07 | (0.01) | (0.66) | 0.86 | 1.50 | 5.44 | |||
EWG | 0.74 | 0.06 | 0.01 | 0.22 | 0.93 | 1.77 | 4.43 |