WisdomTree Correlations

WT Stock

12.00 0.27 2.30%

The current 90-days correlation between WisdomTree and General American Investors is -0.11 (i.e., Good 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 0.53 (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.

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 estimate.

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

Moving together with WisdomTree Stock

0.65	AC	Associated Capital	Pair Corr
0.92	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.82	MC	Moelis	Pair Corr
0.9	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.87	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	VIRT	Virtu Financial Normal Trading	Pair Corr
0.8	FDUS	Fidus Investment Corp	Pair Corr
0.85	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.88	EVR	Evercore Partners	Pair Corr
0.85	FRHC	Freedom Holding Corp	Pair Corr
0.62	LRFC	Logan Ridge Finance	Pair Corr
0.65	PNNT	PennantPark Investment	Pair Corr
0.67	RMCO	Royalty Management	Pair Corr
0.87	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.87	SEIC	SEI Investments	Pair Corr
0.82	STEP	Stepstone Group	Pair Corr
0.88	C	Citigroup Aggressive Push	Pair Corr
0.74	L	Loews Corp	Pair Corr
0.74	V	Visa Class A	Pair Corr
0.83	DHIL	Diamond Hill Investment	Pair Corr
0.72	AB	AllianceBernstein	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.74	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Normal Trading	Pair Corr
0.85	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against WisdomTree Stock

0.62	XP	Xp Inc Downward Rally	Pair Corr
0.53	GROW	US Global Investors	Pair Corr
0.47	PT	Pintec Technology	Pair Corr
0.46	RAND	Rand Capital Corp	Pair Corr
0.57	IX	Orix Corp Ads	Pair Corr
0.42	EG	Everest Group	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF
VKI		0.89	0.46	-0.02	0.75	0.75	0.82	0.64	0.5	VKI
VKQ	0.89		0.6	-0.17	0.88	0.81	0.91	0.75	0.52	VKQ
VCV	0.46	0.6		-0.79	0.77	0.65	0.75	0.62	-0.01	VCV
VCTR	-0.02	-0.17	-0.79		-0.39	-0.27	-0.34	-0.26	0.49	VCTR
VGM	0.75	0.88	0.77	-0.39		0.92	0.97	0.88	0.47	VGM
IQI	0.75	0.81	0.65	-0.27	0.92		0.93	0.91	0.52	IQI
VMO	0.82	0.91	0.75	-0.34	0.97	0.93		0.88	0.48	VMO
CXE	0.64	0.75	0.62	-0.26	0.88	0.91	0.88		0.53	CXE
KTF	0.5	0.52	-0.01	0.49	0.47	0.52	0.48	0.53		KTF
	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF

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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

VMO	+ 0.97	VGM
VMO	+ 0.93	IQI
IQI	+ 0.92	VGM
VMO	+ 0.91	VKQ
CXE	+ 0.91	IQI
VKQ	+ 0.89	VKI

High negative correlations

VCTR	- 0.79	VCV
VGM	- 0.39	VCTR
VMO	- 0.34	VCTR
IQI	- 0.27	VCTR
CXE	- 0.26	VCTR
VCTR	- 0.17	VKQ

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
VKI	0.38	0.02	(0.15)	(0.11)	0.41	(0.44)	0.79	(0.66)	2.47
VKQ	0.35	0.00	(0.16)	0.00	0.40	(0.40)	0.80	(0.59)	2.19
VCV	0.52	(0.04)	0.00	0.66	0.00	0.00	0.95	(0.97)	3.87
VCTR	1.61	0.21	0.13	0.19	1.94	(1.72)	3.47	(3.17)	14.16
VGM	0.36	0.00	(0.15)	(0.23)	0.47	(0.38)	0.68	(0.78)	2.66
IQI	0.40	(0.01)	(0.16)	(0.13)	0.54	(0.38)	0.79	(0.70)	2.30
VMO	0.39	0.00	(0.14)	0.12	0.52	(0.39)	0.82	(1.01)	2.43
CXE	0.50	(0.01)	(0.13)	0.00	0.57	(0.63)	1.33	(1.04)	3.34
KTF	0.42	0.05	(0.06)	(2.14)	0.47	(0.52)	1.12	(0.61)	3.38

WisdomTree Corporate Management

Marci Frankenthaler	Chief Secretary	Profile
Alexis Marinof	Head 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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