WisdomTree Earnings Correlations

EPS Etf

USD 63.82 0.29 0.46%

The current 90-days correlation between WisdomTree Earnings 500 and WisdomTree SmallCap Earnings is 0.8 (i.e., Very poor diversification). The correlation of WisdomTree Earnings 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 Earnings Correlation With Market

Weak diversification

The correlation between WisdomTree Earnings 500 and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Earnings 500 and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Earnings 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WisdomTree Etf

0.69	VTV	Vanguard Value Index	Pair Corr
0.86	VYM	Vanguard High Dividend	Pair Corr
0.72	IWD	iShares Russell 1000	Pair Corr
0.74	DGRO	iShares Core Dividend	Pair Corr
0.61	DVY	iShares Select Dividend	Pair Corr
0.61	IUSV	iShares Core SP	Pair Corr
0.64	HUM	Humana Inc	Pair Corr
0.95	SWP	SWP Growth Income	Pair Corr
0.61	DUKH	Ocean Park High	Pair Corr
0.77	WINN	Harbor Long Term	Pair Corr
0.71	IBM	International Business Upward Rally	Pair Corr
0.79	AXP	American Express	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.72	T	ATT Inc Earnings Call This Week	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr

Moving against WisdomTree Etf

0.58	FNGD	MicroSectors FANG Index	Pair Corr
0.51	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EES	RWL	DTD	EZM	DLN
EES		0.87	0.85	0.97	0.88	EES
RWL	0.87		0.85	0.93	0.92	RWL
DTD	0.85	0.85		0.89	0.92	DTD
EZM	0.97	0.93	0.89		0.94	EZM
DLN	0.88	0.92	0.92	0.94		DLN
	EES	RWL	DTD	EZM	DLN

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WisdomTree Earnings Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Earnings 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 Earnings' 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
EES	0.90	0.06	0.01	0.21	1.00	(1.01)	1.97	(1.52)	11.56
RWL	0.53	0.04	(0.03)	0.20	0.52	(0.61)	1.20	(0.81)	5.54
DTD	0.50	0.01	(0.12)	0.20	0.59	(0.59)	1.18	(0.79)	4.97
EZM	0.77	0.03	(0.02)	0.17	0.81	(0.90)	1.72	(0.93)	8.97
DLN	0.49	(0.01)	(0.10)	0.07	0.60	(0.57)	1.07	(0.87)	4.66

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