WisdomTree Japan Correlations

Summary

DXJSDelisted Etf

USD 36.88 0.04 0.11%

The correlation of WisdomTree Japan 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 Japan Correlation With Market

Good diversification

The correlation between WisdomTree Japan Hedged and DJI is -0.04 (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.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with WisdomTree Etf

0.81	DXJ	WisdomTree Japan Hedged	Pair Corr
0.82	HEWJ	iShares Currency Hedged	Pair Corr
0.82	DBJP	Xtrackers MSCI Japan	Pair Corr
0.73	PBJA	PGIM Rock ETF	Pair Corr
0.62	CPER	United States Copper	Pair Corr
0.65	FTBI	First Trust Exchange	Pair Corr
0.65	XSVN	Bondbloxx ETF Trust	Pair Corr
0.82	CLOX	Series Portfolios Trust	Pair Corr
0.77	MYCI	SPDR SSGA My2029	Pair Corr
0.66	HLAL	Wahed FTSE USA	Pair Corr
0.75	PHT	PHT	Pair Corr

Moving against WisdomTree Etf

0.81	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.7	FBL	GraniteShares 15x Long	Pair Corr
0.55	DAPP	VanEck Digital Trans	Pair Corr
0.39	DVXB	WEBs Defined Volatility	Pair Corr

Related Correlations Analysis

	IQIN	EUSC	GXG	EWRE	FIBR	HYLD	MXDU	GLOF	KNCT	EXT
IQIN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IQIN
EUSC	0.0		0.41	0.0	0.56	0.0	0.0	0.17	-0.11	0.0	EUSC
GXG	0.0	0.41		0.0	0.67	0.0	0.0	0.51	0.27	0.0	GXG
EWRE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EWRE
FIBR	0.0	0.56	0.67	0.0		0.0	0.0	0.56	0.48	0.0	FIBR
HYLD	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HYLD
MXDU	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MXDU
GLOF	0.0	0.17	0.51	0.0	0.56	0.0	0.0		0.83	0.0	GLOF
KNCT	0.0	-0.11	0.27	0.0	0.48	0.0	0.0	0.83		0.0	KNCT
EXT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EXT
	IQIN	EUSC	GXG	EWRE	FIBR	HYLD	MXDU	GLOF	KNCT	EXT

Please upgrade your account to get full access to Macroaxis premium features

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

KNCT	+ 0.83	GLOF
FIBR	+ 0.67	GXG
FIBR	+ 0.56	EUSC
GLOF	+ 0.56	FIBR
GLOF	+ 0.51	GXG
KNCT	+ 0.48	FIBR

High negative correlations

KNCT	- 0.11	EUSC
EXT	- 0.0	KNCT
EXT	- 0.0	GLOF
EXT	- 0.0	MXDU
KNCT	- 0.0	MXDU
GLOF	- 0.0	MXDU

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
IQIN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EUSC	1.05	0.17	0.05	(0.49)	1.81	(1.02)	2.03	(2.14)	14.07
GXG	1.13	0.09	0.02	0.38	1.74	(1.11)	2.27	(2.81)	11.29
EWRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIBR	0.14	0.04	(0.09)	6.84	0.00	(0.18)	0.43	(0.22)	1.00
HYLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MXDU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLOF	0.55	(0.01)	(0.02)	0.05	0.83	(0.52)	1.04	(1.15)	3.16
KNCT	0.96	0.01	0.01	0.07	1.27	(0.94)	1.85	(2.66)	6.31
EXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Delisting Warning - DXJS

WisdomTree Japan Hedged was delisted

The entity WisdomTree Japan Hedged with a symbol DXJS was delisted from NASDAQ Exchange. Please try WisdomTree Japan Opportunities with a symbol OPPJ from now on. Check all delisted instruments accross multiple markets.

Still Interested in WisdomTree Japan Hedged?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC