WisdomTree Artificial Correlations

WTI2 Etf

EUR 74.38 0.94 1.28%

The current 90-days correlation between WisdomTree Artificial and WisdomTree Global Ex USA is 0.33 (i.e., Weak diversification). The correlation of WisdomTree Artificial 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 Artificial Correlation With Market

Poor diversification

The correlation between WisdomTree Artificial Intellig and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Artificial Intellig and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WisdomTree Artificial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Artificial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Artificial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Artificial Intelligence to buy it.

Moving together with WisdomTree Etf

0.86	IROB	Legal General UCITS	Pair Corr
0.66	BNXG	Invesco CoinShares Global	Pair Corr
0.65	UIM5	UBS Fund Solutions	Pair Corr
0.79	XDJP	Xtrackers Nikkei 225	Pair Corr
0.79	SXRZ	iShares VII PLC	Pair Corr
0.75	VUSA	Vanguard Funds Public	Pair Corr
0.8	EXX7	iShares Nikkei 225	Pair Corr
0.66	SXR8	iShares Core SP	Pair Corr
0.75	IS3N	iShares Core MSCI	Pair Corr
0.74	IBC3	iShares Core MSCI	Pair Corr
0.78	DBPE	Xtrackers LevDAX	Pair Corr
0.77	E908	Lyxor 1	Pair Corr

Moving against WisdomTree Etf

0.76

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	OD7F	WATT	2CAR	VZLC	US9L	WRNW	WCO2	WTDY	DGXU
OD7F		0.41	-0.56	0.3	0.15	0.71	-0.37	0.3	0.4	OD7F
WATT	0.41		-0.35	0.9	0.53	0.73	0.52	0.72	0.93	WATT
2CAR	-0.56	-0.35		-0.38	0.26	-0.4	0.15	-0.27	-0.28	2CAR
VZLC	0.3	0.9	-0.38		0.41	0.6	0.54	0.81	0.89	VZLC
US9L	0.15	0.53	0.26	0.41		0.47	0.45	0.29	0.53	US9L
WRNW	0.71	0.73	-0.4	0.6	0.47		0.09	0.46	0.72	WRNW
WCO2	-0.37	0.52	0.15	0.54	0.45	0.09		0.27	0.44	WCO2
WTDY	0.3	0.72	-0.27	0.81	0.29	0.46	0.27		0.88	WTDY
DGXU	0.4	0.93	-0.28	0.89	0.53	0.72	0.44	0.88		DGXU
	OD7F	WATT	2CAR	VZLC	US9L	WRNW	WCO2	WTDY	DGXU

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

DGXU	+ 0.93	WATT
VZLC	+ 0.9	WATT
DGXU	+ 0.89	VZLC
DGXU	+ 0.88	WTDY
WTDY	+ 0.81	VZLC
WRNW	+ 0.73	WATT

High negative correlations

2CAR	- 0.56	OD7F
WRNW	- 0.4	2CAR
VZLC	- 0.38	2CAR
WCO2	- 0.37	OD7F
2CAR	- 0.35	WATT
DGXU	- 0.28	2CAR

WisdomTree Artificial Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Artificial 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 Artificial'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
OD7F	1.26	0.07	0.00	(2.75)	1.78	(1.24)	2.28	(2.61)	9.65
WATT	0.93	0.06	0.00	0.29	1.08	(1.02)	1.96	(2.23)	7.45
2CAR	1.97	(0.04)	0.00	0.38	0.00	0.00	4.49	(4.31)	12.87
VZLC	3.01	0.70	0.12	0.87	4.97	(3.34)	6.22	(4.12)	32.10
US9L	1.66	(0.13)	0.00	(0.21)	0.00	0.00	3.07	(4.57)	10.84
WRNW	1.42	0.04	(0.01)	0.17	1.81	(1.50)	3.12	(2.95)	9.61
WCO2	1.28	(0.07)	0.00	(0.02)	0.00	0.00	2.96	(3.46)	8.91
WTDY	0.55	0.19	0.20	6.06	0.16	(0.67)	1.52	(0.79)	3.18
DGXU	0.52	0.08	0.03	0.36	0.54	(0.56)	1.22	(0.90)	3.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in WisdomTree Artificial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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