WisdomTree Japan Correlations

DFJ Etf

USD 93.23 0.75 0.80%

The current 90-days correlation between WisdomTree Japan SmallCap and WisdomTree Global ex US is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Japan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Japan SmallCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Japan Correlation With Market

Significant diversification

The correlation between WisdomTree Japan SmallCap and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Japan SmallCap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Japan SmallCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with WisdomTree Etf

0.9	EWJ	iShares MSCI Japan Sell-off Trend	Pair Corr
0.9	BBJP	JPMorgan BetaBuilders	Pair Corr
0.96	DXJ	WisdomTree Japan Hedged	Pair Corr
0.94	FLJP	Franklin FTSE Japan	Pair Corr
0.96	HEWJ	iShares Currency Hedged	Pair Corr
0.91	DBJP	Xtrackers MSCI Japan	Pair Corr
0.92	EWJV	iShares MSCI Japan	Pair Corr
0.97	SCJ	iShares MSCI Japan	Pair Corr
0.93	JPXN	iShares JPX Nikkei	Pair Corr
0.74	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.78	AMPD	Tidal ETF Services	Pair Corr
0.85	PMBS	PIMCO Mortgage Backed	Pair Corr
0.7	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.64	WMT	Walmart Sell-off Trend	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.76	CVX	Chevron Corp	Pair Corr

Moving against WisdomTree Etf

0.53

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	DNL	DFE	DIM	DEW	DXJ
DNL		0.74	0.52	0.54	0.13	DNL
DFE	0.74		0.92	0.92	0.68	DFE
DIM	0.52	0.92		0.98	0.88	DIM
DEW	0.54	0.92	0.98		0.86	DEW
DXJ	0.13	0.68	0.88	0.86		DXJ
	DNL	DFE	DIM	DEW	DXJ

WisdomTree Japan Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Japan 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 Japan'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
DNL	0.69	0.05	(0.09)	(0.81)	0.77	(0.74)	1.41	(1.27)	3.61
DFE	0.57	0.10	(0.02)	(1.81)	0.51	(0.66)	1.39	(1.10)	2.85
DIM	0.52	0.13	0.03	13.91	0.47	(0.54)	1.18	(1.01)	3.02
DEW	0.48	0.11	(0.01)	(1.40)	0.50	(0.51)	0.91	(0.88)	2.10
DXJ	0.77	0.22	0.09	(0.48)	0.55	(0.87)	1.94	(1.27)	6.23

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