WisdomTree Siegel Correlations

EQTYX Etf

12.94 0.08 0.62%

The current 90-days correlation between WisdomTree Siegel Global and WisdomTree Japan Hedged is -0.09 (i.e., Good diversification). The correlation of WisdomTree Siegel 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 Siegel Correlation With Market

Significant diversification

The correlation between WisdomTree Siegel Global and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Siegel Global 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 Siegel Global. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.84	TECHX	Wisdomtree Digital Trust	Pair Corr
0.7	WTLGX	Wisdomtree Digital Trust	Pair Corr
0.69	WTSIX	Wisdomtree Digital Trust	Pair Corr
0.61	WTSTX	Wisdomtree Digital Trust	Pair Corr
0.98	MODRX	WisdomTree Siegel	Pair Corr
0.61	TIPSX	DEUTSCHE GLOBAL INFLATION	Pair Corr
0.93	SPXUX	Wisdomtree Digital Trust	Pair Corr
0.65	GLDX	USCF Gold Strategy	Pair Corr
0.91	HBTA	Horizon Funds	Pair Corr
0.63	TRSY	Xtrackers 0 1	Pair Corr
0.68	EFV	iShares MSCI EAFE	Pair Corr
0.83	FTXL	First Trust Nasdaq	Pair Corr
0.65	MEXX	Direxion Daily MSCI	Pair Corr
0.84	CNYA	iShares MSCI China	Pair Corr
0.85	EEM	iShares MSCI Emerging	Pair Corr
0.86	FFA	First Trust Enhanced	Pair Corr
0.71	LKOR	FlexShares Credit	Pair Corr
0.68	HYLB	Xtrackers USD High	Pair Corr
0.8	EZU	iShares MSCI Eurozone Sell-off Trend	Pair Corr
0.73	EWM	iShares MSCI Malaysia	Pair Corr
0.63	MBSF	Valued Advisers Trust	Pair Corr
0.84	MSMR	ETF Series Solutions	Pair Corr
0.84	QQQ	Invesco QQQ Trust	Pair Corr
0.74	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.97	QWLD	SPDR MSCI World	Pair Corr
0.69	ESGN	Columbia Sustainable	Pair Corr
0.65	FTSM	First Trust Enhanced	Pair Corr
0.75	CTEC	Global X CleanTech	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.43	0.58	-0.73	0.71	-0.73	0.37	-0.18	-0.73	-0.67	META
MSFT	0.43		0.7	0.02	-0.17	0.06	0.55	0.26	-0.33	-0.18	MSFT
UBER	0.58	0.7		-0.32	0.26	-0.44	0.41	0.39	-0.68	-0.37	UBER
F	-0.73	0.02	-0.32		-0.75	0.79	-0.02	0.27	0.63	0.72	F
T	0.71	-0.17	0.26	-0.75		-0.91	0.0	-0.19	-0.57	-0.5	T
A	-0.73	0.06	-0.44	0.79	-0.91		-0.09	0.13	0.72	0.53	A
CRM	0.37	0.55	0.41	-0.02	0.0	-0.09		-0.11	-0.44	-0.32	CRM
JPM	-0.18	0.26	0.39	0.27	-0.19	0.13	-0.11		-0.21	0.32	JPM
MRK	-0.73	-0.33	-0.68	0.63	-0.57	0.72	-0.44	-0.21		0.56	MRK
XOM	-0.67	-0.18	-0.37	0.72	-0.5	0.53	-0.32	0.32	0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

A	+ 0.79	F
XOM	+ 0.72	F
MRK	+ 0.72	A
T	+ 0.71	META
UBER	+ 0.7	MSFT
MRK	+ 0.63	F

High negative correlations

A	- 0.91	T
T	- 0.75	F
MRK	- 0.73	META
A	- 0.73	META
F	- 0.73	META
MRK	- 0.68	UBER

WisdomTree Siegel Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Siegel 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 Siegel'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
META	1.25	(0.32)	0.00	(0.36)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.85	(0.12)	0.00	(0.13)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.20)	0.00	0.00	3.34	(3.30)	10.91
F	1.45	0.15	0.09	0.12	1.67	(1.64)	3.38	(2.35)	16.30
T	0.99	(0.17)	0.00	(0.42)	0.00	0.00	1.84	(2.32)	6.25
A	1.28	0.34	0.24	0.29	1.08	(1.44)	3.93	(2.15)	11.03
CRM	1.60	(0.14)	0.00	(0.11)	0.00	0.00	2.93	(3.61)	9.91
JPM	0.87	(0.01)	0.00	0.01	1.32	(0.80)	1.67	(1.91)	5.76
MRK	1.31	0.22	0.16	0.40	1.13	(1.71)	3.84	(2.36)	11.45
XOM	0.92	0.07	0.04	0.38	1.11	(0.87)	1.77	(1.93)	4.63

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