Teton Westwood Correlations

WBCCX Fund

USD 10.32 0.09 0.86%

The current 90-days correlation between Teton Westwood Balanced and Fidelity Sai Inflationfocused is 0.08 (i.e., Significant diversification). The correlation of Teton Westwood 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.

Teton Westwood Correlation With Market

Good diversification

The correlation between Teton Westwood Balanced and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Teton Westwood Balanced. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Teton Mutual Fund

1.0	WBBIX	Teton Westwood Balanced	Pair Corr
1.0	WEBCX	Teton Westwood Balanced	Pair Corr
0.85	WEBAX	Teton Westwood Balanced	Pair Corr
0.99	WEECX	Teton Westwood Equity	Pair Corr
0.99	WEEIX	Teton Westwood Equity	Pair Corr
0.94	WEICX	Teton Vertible Securities	Pair Corr
0.94	WEIAX	Teton Vertible Securities	Pair Corr
0.94	WEIMX	Teton Westwood Mighty	Pair Corr
0.82	WEMMX	Teton Westwood Mighty	Pair Corr
0.98	WEQCX	Teton Westwood Equity	Pair Corr
0.81	WESWX	Teton Westwood Equity	Pair Corr
0.94	WESRX	Teton Vertible Securities	Pair Corr
0.84	WESCX	Teton Westwood Small	Pair Corr
0.94	WESIX	Teton Vertible Securities	Pair Corr
0.95	WWSAX	Teton Westwood Small	Pair Corr
0.95	WWSIX	Teton Westwood Small	Pair Corr
0.85	WWSCX	Teton Westwood Small	Pair Corr
0.94	WMMCX	Teton Westwood Mighty	Pair Corr
0.94	WMMAX	Teton Westwood Mighty	Pair Corr
0.79	FBONX	American Funds American	Pair Corr
0.79	FBAFX	American Funds American	Pair Corr
0.71	ABALX	American Balanced	Pair Corr
0.71	BALCX	American Balanced	Pair Corr
0.71	BALFX	American Balanced	Pair Corr
0.71	RLBCX	American Balanced	Pair Corr
0.71	RLBBX	American Balanced	Pair Corr
0.71	CLBAX	American Balanced	Pair Corr
0.71	CLBEX	American Balanced	Pair Corr
0.79	RLBFX	American Balanced	Pair Corr
0.67	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.78	RYVLX	Nasdaq 100 2x	Pair Corr
0.78	RYVYX	Nasdaq 100 2x	Pair Corr
0.7	UOPIX	Ultra Nasdaq 100	Pair Corr
0.7	RYCCX	Nasdaq 100 2x	Pair Corr
0.77	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.66	INPIX	Internet Ultrasector	Pair Corr
0.75	INPSX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	FIFGX	LIFAX	TIIHX	LFTAX	ABNAX	IPBCX	ABNYX
FIFGX		0.09	-0.34	0.38	-0.04	0.32	-0.35	FIFGX
LIFAX	0.09		0.53	0.64	0.74	0.73	0.61	LIFAX
TIIHX	-0.34	0.53		0.38	0.69	0.18	0.97	TIIHX
LFTAX	0.38	0.64	0.38		0.51	0.74	0.43	LFTAX
ABNAX	-0.04	0.74	0.69	0.51		0.55	0.71	ABNAX
IPBCX	0.32	0.73	0.18	0.74	0.55		0.26	IPBCX
ABNYX	-0.35	0.61	0.97	0.43	0.71	0.26		ABNYX
	FIFGX	LIFAX	TIIHX	LFTAX	ABNAX	IPBCX	ABNYX

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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

ABNYX	+ 0.97	TIIHX
ABNAX	+ 0.74	LIFAX
IPBCX	+ 0.74	LFTAX
IPBCX	+ 0.73	LIFAX
ABNYX	+ 0.71	ABNAX
ABNAX	+ 0.69	TIIHX

High negative correlations

ABNYX	- 0.35	FIFGX
TIIHX	- 0.34	FIFGX
ABNAX	- 0.04	FIFGX

Risk-Adjusted Indicators

There is a big difference between Teton Mutual Fund performing well and Teton Westwood Mutual Fund 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 Teton Westwood'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
FIFGX	0.94	0.03	0.00	0.14	1.44	(0.92)	1.89	(2.12)	6.19
LIFAX	0.18	0.01	(0.18)	0.54	0.17	(0.21)	0.43	(0.43)	1.28
TIIHX	0.21	0.01	(0.16)	(0.22)	0.27	(0.22)	0.38	(0.46)	1.49
LFTAX	0.34	0.04	(0.05)	4.48	0.43	(0.36)	0.70	(0.60)	2.00
ABNAX	0.20	0.01	(0.18)	(0.39)	0.20	(0.22)	0.48	(0.47)	1.25
IPBCX	0.35	0.02	(0.07)	0.18	0.45	(0.38)	0.70	(0.59)	2.09
ABNYX	0.19	0.01	(0.17)	(0.73)	0.21	(0.21)	0.48	(0.47)	1.25

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