WisdomTree Siegel Correlations

EQTYX Etf

13.01 0.03 1.26%

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.

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Moving together with WisdomTree Etf

0.93	VTI	Vanguard Total Stock	Pair Corr
0.92	SPY	SPDR SP 500	Pair Corr
0.92	IVV	iShares Core SP	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.92	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.88	VUG	Vanguard Growth Index	Pair Corr
0.94	VEA	Vanguard FTSE Developed	Pair Corr
0.91	VWO	Vanguard FTSE Emerging	Pair Corr
0.83	IWMI	NEOS Russell 2000 Low Volatility	Pair Corr
0.87	QQQ	Invesco QQQ Trust	Pair Corr
0.9	GMF	SPDR SP Emerging	Pair Corr
0.73	TCAI	Tortoise Capital Series	Pair Corr
0.66	AXP	American Express	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.73	IBM	International Business	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr

Moving against WisdomTree Etf

0.58	REKT	Direxion Shares ETF Downward Rally	Pair Corr
0.52	VZ	Verizon Communications	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.44	0.58	-0.72	0.62	-0.73	0.37	-0.06	-0.7	-0.58	META
MSFT	0.44		0.7	0.01	-0.22	0.05	0.55	0.34	-0.29	-0.09	MSFT
UBER	0.58	0.7		-0.31	0.13	-0.44	0.41	0.5	-0.59	-0.23	UBER
F	-0.72	0.01	-0.31		-0.69	0.79	-0.01	0.17	0.61	0.65	F
T	0.62	-0.22	0.13	-0.69		-0.81	-0.07	-0.19	-0.57	-0.5	T
A	-0.73	0.05	-0.44	0.79	-0.81		-0.08	-0.02	0.71	0.43	A
CRM	0.37	0.55	0.41	-0.01	-0.07	-0.08		0.01	-0.41	-0.22	CRM
JPM	-0.06	0.34	0.5	0.17	-0.19	-0.02	0.01		-0.21	0.32	JPM
MRK	-0.7	-0.29	-0.59	0.61	-0.57	0.71	-0.41	-0.21		0.56	MRK
XOM	-0.58	-0.09	-0.23	0.65	-0.5	0.43	-0.22	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
MRK	+ 0.71	A
UBER	+ 0.7	MSFT
XOM	+ 0.65	F
T	+ 0.62	META
MRK	+ 0.61	F

High negative correlations

A	- 0.81	T
A	- 0.73	META
F	- 0.72	META
MRK	- 0.7	META
T	- 0.69	F
MRK	- 0.59	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	1.28	(0.33)	0.00	(0.42)	0.00	0.00	1.87	(2.72)	13.52
MSFT	0.86	(0.10)	0.00	(0.12)	0.00	0.00	1.85	(2.19)	5.08
UBER	1.46	(0.23)	0.00	(0.21)	0.00	0.00	3.34	(3.30)	10.91
F	1.49	0.15	0.08	0.12	1.70	(1.72)	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	1.27	0.40	0.28	0.36	0.99	(1.44)	3.93	(2.15)	11.03
CRM	1.62	(0.12)	0.00	(0.09)	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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