WisdomTree Correlations

WT Stock

13.93 0.56 4.19%

The current 90-days correlation between WisdomTree and Acadian Asset Management is 0.27 (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 weak diversification

The correlation between WisdomTree and DJI is 0.43 (i.e., Very weak 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 persons.

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

Moving together with WisdomTree Stock

0.82	VCTR	Victory Capital Holdings	Pair Corr
0.63	FHI	Federated Investors Earnings Call This Week	Pair Corr
0.7	SAMG	Silvercrest Asset	Pair Corr
0.78	MCHP	Microchip Technology	Pair Corr
0.7	DIS	Walt Disney	Pair Corr

Moving against WisdomTree Stock

0.63	AB	AllianceBernstein	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.51	MMM	3M Company Earnings Call This Week	Pair Corr
0.4	IBM	International Business	Pair Corr
0.38	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	AAMI	TY	GRAB	OXLC	GAM	CET	PACS	NIC	NWBI	TSLX
AAMI		-0.23	-0.25	0.42	0.6	0.65	0.46	0.16	0.49	0.62	AAMI
TY	-0.23		0.55	0.17	-0.26	-0.37	-0.48	-0.18	-0.34	-0.02	TY
GRAB	-0.25	0.55		0.28	-0.72	-0.72	-0.87	-0.21	-0.36	-0.06	GRAB
OXLC	0.42	0.17	0.28		0.25	0.26	0.03	0.03	0.1	0.29	OXLC
GAM	0.6	-0.26	-0.72	0.25		0.97	0.89	0.13	0.46	0.42	GAM
CET	0.65	-0.37	-0.72	0.26	0.97		0.9	0.23	0.55	0.44	CET
PACS	0.46	-0.48	-0.87	0.03	0.89	0.9		0.2	0.51	0.3	PACS
NIC	0.16	-0.18	-0.21	0.03	0.13	0.23	0.2		0.79	0.11	NIC
NWBI	0.49	-0.34	-0.36	0.1	0.46	0.55	0.51	0.79		0.52	NWBI
TSLX	0.62	-0.02	-0.06	0.29	0.42	0.44	0.3	0.11	0.52		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

CET	+ 0.97	GAM
PACS	+ 0.9	CET
PACS	+ 0.89	GAM
NWBI	+ 0.79	NIC
CET	+ 0.65	AAMI
TSLX	+ 0.62	AAMI

High negative correlations

PACS	- 0.87	GRAB
CET	- 0.72	GRAB
GAM	- 0.72	GRAB
PACS	- 0.48	TY
CET	- 0.37	TY
NWBI	- 0.36	GRAB

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	1.65	0.09	0.07	0.16	2.19	(1.72)	3.58	(3.91)	10.83
TY	0.53	(0.08)	0.00	(0.02)	0.00	0.00	1.01	(0.85)	7.86
GRAB	1.72	(0.52)	0.00	(0.21)	0.00	0.00	4.62	(3.94)	12.33
OXLC	1.30	(0.12)	0.00	(0.03)	0.00	0.00	2.51	(2.71)	9.20
GAM	0.47	0.03	(0.05)	0.17	0.35	(0.54)	1.04	(0.83)	2.57
CET	0.53	0.03	(0.01)	0.15	0.46	(0.61)	1.12	(1.02)	2.54
PACS	4.46	2.31	0.60	(0.99)	2.13	(5.62)	8.95	(6.27)	61.43
NIC	1.48	(0.04)	0.00	2.47	0.00	0.00	2.95	(3.26)	10.97
NWBI	1.23	(0.08)	0.00	(0.06)	0.00	0.00	3.66	(3.02)	9.38
TSLX	0.97	0.03	(0.03)	0.21	1.14	(1.11)	1.94	(2.26)	7.21

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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