WisdomTree Core Correlations

WTMU Etf

26.03 0.03 0.12%

The current 90-days correlation between WisdomTree Core Laddered and Consumer Goods Ultrasector is 0.08 (i.e., Significant diversification). The correlation of WisdomTree Core 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 Core Correlation With Market

Very poor diversification

The correlation between WisdomTree Core Laddered and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Core Laddered and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree Core Laddered. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with WisdomTree Etf

0.69	VTI	Vanguard Total Stock	Pair Corr
0.65	SPY	SPDR SP 500	Pair Corr
0.65	IVV	iShares Core SP	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.76	VO	Vanguard Mid Cap	Pair Corr
0.94	VEA	Vanguard FTSE Developed Aggressive Push	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.84	VWO	Vanguard FTSE Emerging	Pair Corr
0.67	TOT	Advisor Managed Port	Pair Corr
0.86	SHLD	Global X Defense	Pair Corr
0.71	LUX	Tema Global	Pair Corr
0.85	FB	ProShares Trust ProShares	Pair Corr
0.85	SWP	SWP Growth Income	Pair Corr
0.78	FNGD	MicroSectors FANG Index	Pair Corr
0.91	CALY	Callaway Golf Symbol Change	Pair Corr
0.86	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.74	WMT	Walmart Common Stock	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.78	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.81	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against WisdomTree Etf

0.89	HPQ	HP Inc	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.36	MMM	3M Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.48	0.15	0.01	-0.05	-0.18	0.46	0.05	-0.14	-0.11	META
MSFT	0.48		0.76	-0.49	0.48	0.27	0.34	-0.15	-0.83	-0.65	MSFT
UBER	0.15	0.76		-0.45	0.42	0.5	0.05	-0.27	-0.8	-0.52	UBER
F	0.01	-0.49	-0.45		-0.59	-0.21	0.09	0.46	0.66	0.6	F
T	-0.05	0.48	0.42	-0.59		0.62	-0.15	-0.25	-0.46	-0.64	T
A	-0.18	0.27	0.5	-0.21	0.62		-0.2	-0.12	-0.31	-0.5	A
CRM	0.46	0.34	0.05	0.09	-0.15	-0.2		0.65	-0.11	-0.4	CRM
JPM	0.05	-0.15	-0.27	0.46	-0.25	-0.12	0.65		0.36	-0.05	JPM
MRK	-0.14	-0.83	-0.8	0.66	-0.46	-0.31	-0.11	0.36		0.7	MRK
XOM	-0.11	-0.65	-0.52	0.6	-0.64	-0.5	-0.4	-0.05	0.7		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

UBER	+ 0.76	MSFT
XOM	+ 0.7	MRK
MRK	+ 0.66	F
JPM	+ 0.65	CRM
A	+ 0.62	T
XOM	+ 0.6	F

High negative correlations

MRK	- 0.83	MSFT
MRK	- 0.8	UBER
XOM	- 0.65	MSFT
XOM	- 0.64	T
T	- 0.59	F
XOM	- 0.52	UBER

WisdomTree Core Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Core 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 Core'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	1.45	(0.19)	0.00	(0.12)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.07	(0.13)	0.00	(0.42)	0.00	0.00	1.85	(2.50)	4.90
UBER	1.43	(0.29)	0.00	(0.33)	0.00	0.00	2.50	(3.82)	10.23
F	1.47	0.12	0.09	0.15	1.32	(1.82)	3.65	(2.35)	16.30
T	0.88	(0.04)	0.00	(0.05)	0.00	0.00	1.63	(1.85)	4.30
A	1.20	(0.23)	0.00	(0.11)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.43	(0.22)	0.00	(0.15)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.11	(0.05)	(0.01)	0.03	1.66	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.28	0.19	0.46	1.14	(1.50)	3.59	(1.98)	8.09
XOM	1.06	0.27	0.17	4.39	0.96	(1.23)	2.38	(1.51)	5.82

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