Correlation Between WisdomTree Japan and Phenixfin
This comparison outlines how WisdomTree Japan Opportunities and Phenixfin move in relation to one another. The linkage helps describe the extent of diversifiable risk across the pair. The dataset reflects observed price behavior across time frames. All values are presented as reference data.
Review WisdomTree Japan Opportunities against Phenixfin to separate temporary co-movement from persistent structural correlation. Pair correlation can improve allocation efficiency and manage overlap risk. Go to your portfolio center
Diversification Opportunities for WisdomTree Japan and Phenixfin
0.07 | Correlation Coefficient |
Very good diversification
The 3 months correlation between WisdomTree and Phenixfin is 0.07. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Japan Opportunities and Phenixfin in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Phenixfin and WisdomTree Japan is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on WisdomTree Japan Opportunities are associated (or correlated) with Phenixfin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Phenixfin has no effect on the direction of WisdomTree Japan i.e., WisdomTree Japan and Phenixfin go up and down completely randomly.
Pair Correlation Between WisdomTree Japan and Phenixfin
Given the investment horizon of 90 days WisdomTree Japan Opportunities is expected to generate 0.48 times more return on investment than Phenixfin. However, WisdomTree Japan Opportunities is 2.07 times less risky than Phenixfin. It trades about 0.16 of its potential returns per unit of risk. Phenixfin is currently generating about -0.08 per unit of risk. If you had invested $ 4,650 in WisdomTree Japan Opportunities on December 27, 2025 and sold it today you would have earned a total of $ 713.61 from holding WisdomTree Japan Opportunities or generated 15.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 75.81% |
| Values | Daily Returns |
WisdomTree Japan Opportunities vs. Phenixfin
Performance |
| Timeline |
| WisdomTree Japan |
Risk-Adjusted Performance
Balanced
Weak | Strong |
| Phenixfin |
Risk-Adjusted Performance
Weak
Weak | Strong |
WisdomTree Japan and Phenixfin Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with WisdomTree Japan and Phenixfin
A paired position in WisdomTree Japan and Phenixfin is useful when investors want a more relative-value expression than a simple directional trade. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| WisdomTree Japan vs. Phenixfin | WisdomTree Japan vs. OFS Capital Corp | WisdomTree Japan vs. Great Elm Capital | WisdomTree Japan vs. Hennessy Ad |
| Phenixfin vs. OFS Capital Corp | Phenixfin vs. Great Elm Capital | Phenixfin vs. WisdomTree Japan Opportunities | Phenixfin vs. Hennessy Ad |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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