WisdomTree Multifactor Correlations

USMF Etf

USD 51.60 0.24 0.46%

The current 90-days correlation between WisdomTree Multifactor and iShares MSCI Japan is -0.05 (i.e., Good diversification). The correlation of WisdomTree Multifactor 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 Multifactor Correlation With Market

Very poor diversification

The correlation between WisdomTree Multifactor and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Multifactor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with WisdomTree Etf

0.89	VO	Vanguard Mid Cap	Pair Corr
0.83	VXF	Vanguard Extended Market	Pair Corr
0.83	IJH	iShares Core SP	Pair Corr
0.87	IWR	iShares Russell Mid	Pair Corr
0.83	MDY	SPDR SP MIDCAP	Pair Corr
0.72	FV	First Trust Dorsey	Pair Corr
0.83	IVOO	Vanguard SP Mid	Pair Corr
0.84	JHMM	John Hancock Multifactor	Pair Corr
0.76	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.85	XMMO	Invesco SP MidCap	Pair Corr
0.77	CPST	Calamos ETF Trust	Pair Corr
0.72	ITDD	iShares Trust	Pair Corr
0.61	MRK	Merck Company	Pair Corr
0.69	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.63	AXP	American Express Earnings Call This Week	Pair Corr

Moving against WisdomTree Etf

0.54	MPAY	Exchange Traded Concepts	Pair Corr
0.45	T	ATT Inc Earnings Call This Week	Pair Corr
0.34	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	EEMS	EWQ	HEWJ	NUMV	JPUS	EWD	GQRE	AIVL	VIDI	EWJV
EEMS		0.67	0.79	0.73	0.72	0.85	0.79	0.78	0.81	0.75	EEMS
EWQ	0.67		0.64	0.81	0.77	0.87	0.69	0.84	0.68	0.73	EWQ
HEWJ	0.79	0.64		0.89	0.88	0.85	0.75	0.87	0.97	0.97	HEWJ
NUMV	0.73	0.81	0.89		0.97	0.93	0.72	0.91	0.9	0.94	NUMV
JPUS	0.72	0.77	0.88	0.97		0.89	0.8	0.91	0.87	0.92	JPUS
EWD	0.85	0.87	0.85	0.93	0.89		0.77	0.94	0.89	0.89	EWD
GQRE	0.79	0.69	0.75	0.72	0.8	0.77		0.85	0.72	0.76	GQRE
AIVL	0.78	0.84	0.87	0.91	0.91	0.94	0.85		0.89	0.93	AIVL
VIDI	0.81	0.68	0.97	0.9	0.87	0.89	0.72	0.89		0.96	VIDI
EWJV	0.75	0.73	0.97	0.94	0.92	0.89	0.76	0.93	0.96		EWJV
	EEMS	EWQ	HEWJ	NUMV	JPUS	EWD	GQRE	AIVL	VIDI	EWJV

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WisdomTree Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Multifactor 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 Multifactor'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
EEMS	0.52	0.05	0.02	0.18	0.61	(0.53)	0.97	(0.93)	2.40
EWQ	0.60	(0.04)	(0.08)	0.02	0.69	(0.64)	1.12	(1.05)	3.33
HEWJ	0.72	0.18	0.13	1.32	0.69	(0.82)	1.85	(1.56)	4.75
NUMV	0.59	0.03	0.03	0.11	0.62	(0.61)	1.46	(1.16)	3.84
JPUS	0.52	0.02	0.00	0.10	0.48	(0.56)	1.08	(0.98)	2.63
EWD	0.80	0.08	0.08	0.16	0.83	(0.82)	1.59	(1.54)	3.39
GQRE	0.44	0.02	(0.05)	0.38	0.66	(0.41)	0.96	(1.18)	2.83
AIVL	0.51	0.08	0.03	0.55	0.52	(0.54)	1.17	(1.08)	2.64
VIDI	0.55	0.20	0.21	1.20	0.36	(0.65)	1.25	(0.83)	3.01
EWJV	0.69	0.16	0.11	1.01	0.71	(0.79)	1.79	(1.58)	4.62

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