WisdomTree Japan Correlations

OPPJ Etf

50.42 0.93 1.81%

The current 90-days correlation between WisdomTree Japan Opp and Nuveen California Select is 0.06 (i.e., Significant 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 Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Japan Correlation With Market

Very poor diversification

The correlation between WisdomTree Japan Opportunities and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Japan Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

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

Moving together with WisdomTree Etf

0.73	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.69	SPY	SPDR SP 500	Pair Corr
0.69	IVV	iShares Core SP	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.79	VO	Vanguard Mid Cap	Pair Corr
0.95	VEA	Vanguard FTSE Developed	Pair Corr
0.92	VB	Vanguard Small Cap	Pair Corr
0.74	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	CPST	Calamos ETF Trust	Pair Corr
0.87	ITDD	iShares Trust	Pair Corr
0.88	TPHD	Timothy Plan High	Pair Corr
0.82	IEMG	iShares Core MSCI	Pair Corr
0.81	BA	Boeing Earnings Call This Week	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.84	MRK	Merck Company	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.95	AA	Alcoa Corp	Pair Corr
0.76	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.84	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.72	MPAY	Exchange Traded Concepts	Pair Corr
0.76	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PFX	OFS	GECC	HNNA	BMHL	MAAS	STKE	AUBN	NXC
PFX		0.71	0.22	-0.49	-0.36	-0.27	0.66	0.38	-0.8	PFX
OFS	0.71		0.41	-0.42	-0.21	-0.43	0.8	0.4	-0.67	OFS
GECC	0.22	0.41		0.33	-0.44	-0.58	0.69	-0.28	-0.26	GECC
HNNA	-0.49	-0.42	0.33		0.1	0.17	-0.21	-0.7	0.57	HNNA
BMHL	-0.36	-0.21	-0.44	0.1		0.53	-0.45	-0.11	0.43	BMHL
MAAS	-0.27	-0.43	-0.58	0.17	0.53		-0.7	-0.06	0.51	MAAS
STKE	0.66	0.8	0.69	-0.21	-0.45	-0.7		0.07	-0.72	STKE
AUBN	0.38	0.4	-0.28	-0.7	-0.11	-0.06	0.07		-0.34	AUBN
NXC	-0.8	-0.67	-0.26	0.57	0.43	0.51	-0.72	-0.34		NXC
	PFX	OFS	GECC	HNNA	BMHL	MAAS	STKE	AUBN	NXC

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

STKE	+ 0.8	OFS
OFS	+ 0.71	PFX
STKE	+ 0.69	GECC
STKE	+ 0.66	PFX
NXC	+ 0.57	HNNA
MAAS	+ 0.53	BMHL

High negative correlations

NXC	- 0.8	PFX
NXC	- 0.72	STKE
STKE	- 0.7	MAAS
AUBN	- 0.7	HNNA
NXC	- 0.67	OFS
MAAS	- 0.58	GECC

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
PFX	1.44	(0.15)	0.00	(0.25)	0.00	0.00	2.45	(2.82)	10.53
OFS	2.34	(0.40)	0.00	(0.60)	0.00	0.00	4.51	(5.92)	16.93
GECC	1.64	(0.11)	0.00	(0.02)	0.00	0.00	2.89	(4.72)	9.09
HNNA	1.41	0.13	0.02	(5.59)	2.23	(1.39)	2.77	(3.16)	10.92
BMHL	4.06	0.30	0.04	24.11	5.02	(4.25)	8.75	(7.77)	34.74
MAAS	3.40	0.95	0.19	(1.74)	3.63	(3.57)	8.26	(6.17)	20.85
STKE	5.50	(1.06)	0.00	(0.16)	0.00	0.00	11.80	(9.17)	29.73
AUBN	2.31	(0.01)	0.00	0.36	0.00	0.00	4.68	(4.38)	17.69
NXC	0.28	0.04	(0.11)	(0.60)	0.21	(0.35)	0.68	(0.46)	1.98

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

2026 Macroaxis LLC