WisdomTree Correlations

WT Stock

10.18 0.16 1.60%

The current 90-days correlation between WisdomTree and Victory Capital Holdings is 0.84 (i.e., Very poor 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 poor diversification

The correlation between WisdomTree and DJI is 0.86 (i.e., Very poor 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 estimate.

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

Moving together with WisdomTree Stock

0.89	AMP	Ameriprise Financial	Pair Corr
0.96	AXP	American Express	Pair Corr
0.79	GAIN	Gladstone Investment	Pair Corr
0.95	C	Citigroup Sell-off Trend	Pair Corr
0.73	L	Loews Corp	Pair Corr
0.88	V	Visa Class A	Pair Corr
0.89	AB	AllianceBernstein	Pair Corr
0.85	AC	Associated Capital	Pair Corr
0.95	AX	Axos Financial	Pair Corr
0.94	BK	Bank of New York	Pair Corr
0.96	BN	Brookfield Corp	Pair Corr
0.61	BX	Blackstone Group	Pair Corr
0.7	BY	Byline Bancorp	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.81	CM	Canadian Imperial Bank	Pair Corr
0.92	DB	Deutsche Bank AG	Pair Corr
0.95	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.69	HG	Hamilton Insurance Group,	Pair Corr
0.85	KB	KB Financial Group	Pair Corr
0.97	MA	Mastercard	Pair Corr
0.61	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley	Pair Corr
0.72	NU	Nu Holdings	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.83	QD	Qudian Inc	Pair Corr
0.79	RF	Regions Financial Normal Trading	Pair Corr

Moving against WisdomTree Stock

0.51	FG	FG Annuities Life	Pair Corr
0.53	PT	Pintec Technology	Pair Corr
0.44	RM	Regional Management Corp Normal Trading	Pair Corr
0.4	WD	Walker Dunlop Normal Trading	Pair Corr
0.33	WU	Western Union	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF
VKI		0.88	0.78	0.14	0.79	0.86	0.87	0.9	0.82	VKI
VKQ	0.88		0.81	-0.05	0.96	0.98	0.95	0.93	0.91	VKQ
VCV	0.78	0.81		0.31	0.8	0.85	0.8	0.82	0.88	VCV
VCTR	0.14	-0.05	0.31		-0.06	0.03	-0.03	0.02	-0.05	VCTR
VGM	0.79	0.96	0.8	-0.06		0.96	0.89	0.92	0.91	VGM
IQI	0.86	0.98	0.85	0.03	0.96		0.94	0.92	0.9	IQI
VMO	0.87	0.95	0.8	-0.03	0.89	0.94		0.88	0.9	VMO
CXE	0.9	0.93	0.82	0.02	0.92	0.92	0.88		0.93	CXE
KTF	0.82	0.91	0.88	-0.05	0.91	0.9	0.9	0.93		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

IQI	+ 0.98	VKQ
VGM	+ 0.96	VKQ
IQI	+ 0.96	VGM
VMO	+ 0.95	VKQ
VMO	+ 0.94	IQI
CXE	+ 0.93	VKQ

High negative correlations

VGM	- 0.06	VCTR
KTF	- 0.05	VCTR
VCTR	- 0.05	VKQ
VMO	- 0.03	VCTR

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	0.75	(0.11)	0.00	(0.34)	0.00	0.00	1.38	(2.08)	5.69
VKQ	0.70	(0.11)	0.00	1.54	0.00	0.00	1.28	(1.98)	4.29
VCV	0.82	(0.08)	0.00	0.56	0.00	0.00	1.91	(2.39)	7.18
VCTR	2.07	0.17	0.06	0.11	2.79	(2.26)	4.06	(4.53)	19.65
VGM	0.62	(0.08)	0.00	0.52	0.00	0.00	1.01	(1.48)	4.53
IQI	0.69	(0.10)	0.00	0.62	0.00	0.00	1.25	(2.17)	5.04
VMO	0.58	(0.10)	0.00	0.85	0.00	0.00	1.08	(1.41)	4.55
CXE	0.56	(0.11)	0.00	(1.05)	0.00	0.00	0.87	(1.37)	3.98
KTF	0.49	(0.11)	0.00	0.97	0.00	0.00	0.79	(1.70)	3.17

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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