WisdomTree Correlations

WT Stock

17.11 0.26 1.50%

The current 90-days correlation between WisdomTree and Acadian Asset Management is 0.28 (i.e., Modest diversification). The correlation of WisdomTree 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 Correlation With Market

Very poor diversification

The correlation between WisdomTree and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy WisdomTree Stock please use our How to Invest in WisdomTree guide.

Moving together with WisdomTree Stock

0.64	DHIL	Diamond Hill Investment	Pair Corr
0.66	SPT6	Beta Systems Software	Pair Corr
0.92	HHI	Henderson High Income	Pair Corr
0.66	BK	Bank of New York	Pair Corr
0.85	FT	Franklin Universal Closed	Pair Corr
0.61	PX	P10 Inc Symbol Change	Pair Corr
0.78	RA	Brookfield Real Assets	Pair Corr
0.69	JLEN	JLEN Environmental Assets	Pair Corr
0.96	MNG	MG Plc	Pair Corr
0.71	MIGO	Migo Opportunities Trust	Pair Corr
0.9	VCTR	Victory Capital Holdings	Pair Corr
0.67	SSSS-P	Shooting Star Acquisition	Pair Corr
0.97	MNTN	Schiehallion Fund	Pair Corr

Moving against WisdomTree Stock

0.85	55O1	Apollo Investment Corp	Pair Corr
0.77	MFG	Magellan Financial	Pair Corr
0.61	BX	Blackstone Group	Pair Corr
0.56	NP	Neptune Insurance	Pair Corr
0.56	DMYY	dMY Squared Technology	Pair Corr
0.32	BBUC	Brookfield Business Corp	Pair Corr
0.84	ATY	Athelney Trust plc	Pair Corr
0.83	M9X	WhiteHorse Finance Earnings Call This Week	Pair Corr
0.76	TIP	Teaminvest Private	Pair Corr
0.51	DYCQ	DT Cloud Acquisition	Pair Corr
0.5	OEQ	Orion Equities	Pair Corr
0.5	KUR-H	Kure Technologies Earnings Call This Week	Pair Corr
0.48	VRTS	Virtus Investment	Pair Corr
0.31	ALAB-P	A Labs Capital	Pair Corr

Related Correlations Analysis

	AAMI	TY	GRAB	OXLC	GAM	CET	PACS	NIC	NWBI	TSLX
AAMI		-0.2	-0.79	-0.34	0.87	0.89	0.49	0.69	0.52	-0.24	AAMI
TY	-0.2		0.24	0.03	-0.02	-0.19	-0.48	0.0	-0.11	0.0	TY
GRAB	-0.79	0.24		0.68	-0.84	-0.72	-0.43	-0.87	-0.75	0.56	GRAB
OXLC	-0.34	0.03	0.68		-0.59	-0.35	-0.27	-0.83	-0.72	0.92	OXLC
GAM	0.87	-0.02	-0.84	-0.59		0.91	0.59	0.84	0.66	-0.54	GAM
CET	0.89	-0.19	-0.72	-0.35	0.91		0.66	0.64	0.54	-0.3	CET
PACS	0.49	-0.48	-0.43	-0.27	0.59	0.66		0.28	0.23	-0.34	PACS
NIC	0.69	0.0	-0.87	-0.83	0.84	0.64	0.28		0.87	-0.71	NIC
NWBI	0.52	-0.11	-0.75	-0.72	0.66	0.54	0.23	0.87		-0.48	NWBI
TSLX	-0.24	0.0	0.56	0.92	-0.54	-0.3	-0.34	-0.71	-0.48		TSLX
	AAMI	TY	GRAB	OXLC	GAM	CET	PACS	NIC	NWBI	TSLX

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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

TSLX	+ 0.92	OXLC
CET	+ 0.91	GAM
CET	+ 0.89	AAMI
GAM	+ 0.87	AAMI
NWBI	+ 0.87	NIC
NIC	+ 0.84	GAM

High negative correlations

NIC	- 0.87	GRAB
GAM	- 0.84	GRAB
NIC	- 0.83	OXLC
GRAB	- 0.79	AAMI
NWBI	- 0.75	GRAB
NWBI	- 0.72	OXLC

Risk-Adjusted Indicators

There is a big difference between WisdomTree Stock performing well and WisdomTree Company 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'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
AAMI	1.56	0.20	0.10	0.18	2.21	(1.66)	3.79	(3.09)	12.51
TY	0.52	(0.06)	0.00	(0.02)	0.00	0.00	1.01	(0.90)	7.86
GRAB	1.85	(0.28)	0.00	(0.22)	0.00	0.00	3.54	(3.80)	12.33
OXLC	1.89	(0.56)	0.00	(0.75)	0.00	0.00	2.84	(5.87)	20.94
GAM	0.48	0.08	0.08	0.20	0.35	(0.52)	1.29	(0.88)	2.76
CET	0.52	0.06	0.05	0.18	0.44	(0.58)	1.23	(1.05)	3.44
PACS	2.48	0.37	0.11	0.35	3.18	(2.73)	6.07	(6.12)	16.89
NIC	1.48	0.27	0.17	0.30	1.34	(1.70)	3.37	(2.78)	13.58
NWBI	1.12	0.03	0.02	0.12	1.22	(1.27)	2.69	(1.67)	8.32
TSLX	1.14	(0.32)	0.00	(0.43)	0.00	0.00	1.96	(2.96)	7.73

WisdomTree Corporate Management

Marci Frankenthaler	Chief Secretary	Profile
Alexis Marinof	Chief Europe	Profile
Bryan Edmiston	Chief Officer	Profile
Will Abbott	Head Distribution	Profile
Peter JD	Senior Officer	Profile
Bryan CPA	Chief Officer	Profile
Jonathan Steinberg	CEO Founder	Profile

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