WisdomTree India Correlations

INDH Etf

41.38 0.28 0.67%

The current 90-days correlation between WisdomTree India Hedged and SPDR SP SmallCap is -0.33 (i.e., Very good diversification). The correlation of WisdomTree India 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.

WisdomTree India Correlation With Market

Very good diversification

The correlation between WisdomTree India Hedged and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree India Hedged and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree India Hedged. 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	INDA	iShares MSCI India Low Volatility	Pair Corr
0.72	EPI	WisdomTree India Earnings	Pair Corr
0.75	INDSX	Financial Investors Trust	Pair Corr
0.65	PIN	Invesco India ETF	Pair Corr
0.69	FLIN	Franklin FTSE India	Pair Corr
0.62	NFTY	First Trust India	Pair Corr

Moving against WisdomTree Etf

0.45	VTV	Vanguard Value Index	Pair Corr
0.45	RDIV	Invesco SP Ultra	Pair Corr
0.42	VBK	Vanguard Small Cap	Pair Corr
0.4	VO	Vanguard Mid Cap	Pair Corr
0.35	MART	Allianzim Large Cap	Pair Corr
0.34	IRE	Tidal Trust II	Pair Corr
0.32	OASC	OneAscent Small Cap	Pair Corr
0.31	VTI	Vanguard Total Stock	Pair Corr
0.31	TOT	Advisor Managed Port	Pair Corr
0.64	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.51	BA	Boeing	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.48	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.46	KO	Coca Cola Aggressive Push	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	BINC	BlackRock ETF Trust	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr
0.33	GAPR	First Trust Exchange	Pair Corr

Related Correlations Analysis

	NSCR	BERZ	EAOM	QQJG	LQAI	MCDS	JOJO	MNRS	ESMV	ESIX
NSCR		-0.71	0.84	0.88	0.69	0.75	0.69	0.11	0.69	0.69	NSCR
BERZ	-0.71		-0.58	-0.71	-0.65	-0.63	-0.46	-0.36	-0.43	-0.46	BERZ
EAOM	0.84	-0.58		0.67	0.57	0.92	0.93	-0.04	0.78	0.91	EAOM
QQJG	0.88	-0.71	0.67		0.57	0.68	0.51	0.16	0.53	0.61	QQJG
LQAI	0.69	-0.65	0.57	0.57		0.43	0.38	0.62	0.36	0.41	LQAI
MCDS	0.75	-0.63	0.92	0.68	0.43		0.92	-0.14	0.75	0.92	MCDS
JOJO	0.69	-0.46	0.93	0.51	0.38	0.92		-0.18	0.76	0.9	JOJO
MNRS	0.11	-0.36	-0.04	0.16	0.62	-0.14	-0.18		-0.25	-0.18	MNRS
ESMV	0.69	-0.43	0.78	0.53	0.36	0.75	0.76	-0.25		0.75	ESMV
ESIX	0.69	-0.46	0.91	0.61	0.41	0.92	0.9	-0.18	0.75		ESIX
	NSCR	BERZ	EAOM	QQJG	LQAI	MCDS	JOJO	MNRS	ESMV	ESIX

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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

JOJO	+ 0.93	EAOM
MCDS	+ 0.92	EAOM
JOJO	+ 0.92	MCDS
ESIX	+ 0.92	MCDS
ESIX	+ 0.91	EAOM
ESIX	+ 0.9	JOJO

High negative correlations

QQJG	- 0.71	BERZ
BERZ	- 0.71	NSCR
LQAI	- 0.65	BERZ
MCDS	- 0.63	BERZ
EAOM	- 0.58	BERZ
ESIX	- 0.46	BERZ

WisdomTree India Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree India 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 India'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
NSCR	0.65	(0.07)	(0.09)	0.00	0.90	(0.64)	1.31	(1.59)	3.84
BERZ	3.86	0.54	0.09	(2.25)	4.22	(4.76)	10.53	(7.09)	26.04
EAOM	0.26	0.00	(0.15)	0.07	0.27	(0.29)	0.57	(0.54)	1.57
QQJG	0.93	(0.09)	(0.07)	0.00	1.16	(0.94)	1.72	(1.85)	4.52
LQAI	0.77	(0.13)	0.00	(0.06)	0.00	0.00	1.30	(2.48)	5.26
MCDS	0.60	0.06	(0.02)	1.26	0.68	(0.64)	1.44	(1.28)	3.68
JOJO	0.19	0.02	(0.15)	0.25	0.15	(0.25)	0.46	(0.39)	1.54
MNRS	4.21	(0.73)	0.00	(0.21)	0.00	0.00	8.58	(9.89)	24.75
ESMV	0.50	0.01	(0.04)	0.09	0.79	(0.52)	1.05	(0.78)	7.02
ESIX	0.93	0.08	0.09	0.15	0.84	(1.13)	2.66	(1.72)	6.42

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