Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Equity
WEEIX Fund  USD 11.24  0.01  0.09%   
The current 90-days correlation between Teton Westwood Equity and Teton Westwood Balanced is -0.12 (i.e., Good 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 Equity and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Equity 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 Equity. 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 gross domestic product.

Moving together with Teton Mutual Fund

  0.96WBBIX Teton Westwood BalancedPairCorr
  0.96WBCCX Teton Westwood BalancedPairCorr
  0.75WEBCX Teton Westwood BalancedPairCorr
  1.0WEBAX Teton Westwood BalancedPairCorr
  0.96WEECX Teton Westwood EquityPairCorr
  0.63WEICX Teton Vertible SecuritiesPairCorr
  0.96WEIAX Teton Vertible SecuritiesPairCorr
  0.96WEIMX Teton Westwood MightyPairCorr
  0.96WEMMX Teton Westwood MightyPairCorr
  0.96WEQCX Teton Westwood EquityPairCorr
  0.96WESWX Teton Westwood EquityPairCorr
  0.95WESRX Teton Vertible SecuritiesPairCorr
  0.95WESCX Teton Westwood SmallPairCorr
  0.95WESIX Teton Vertible SecuritiesPairCorr
  0.95WWSAX Teton Westwood SmallPairCorr
  0.7WWSIX Teton Westwood SmallPairCorr
  0.98WWSCX Teton Westwood SmallPairCorr
  0.96WMMCX Teton Westwood MightyPairCorr
  0.98WMMAX Teton Westwood MightyPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.87LIIAX Columbia Porate IncomePairCorr
  0.87SRINX Columbia Porate IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.78RPFCX Davis Appreciation IncomePairCorr
  0.91ASDAX Aamhimco Short DurationPairCorr
  0.96TLYRX Tiaa Cref LifecyclePairCorr
  0.83LITAX Columbia Amt FreePairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WBBIX  0.38  0.01 (0.08) 0.16  0.40 
(0.44)
 1.14 
(0.79)
 2.58 
WBCCX  0.39  0.09 (0.06) 7.51  0.32 
(0.47)
 1.09 
(0.80)
 2.61 
WEBCX  0.37  0.07 (0.01) 0.30  0.00 
(0.46)
 1.18 
(0.67)
 2.65 
WEBAX  0.38  0.10 (0.06)(1.70) 0.32 
(0.44)
 1.11 
(0.83)
 2.57 
WEECX  0.56  0.11 (0.02) 3.63  0.55 
(0.62)
 1.40 
(1.23)
 3.60 
WEEIX  0.54  0.11 (0.04)(1.49) 0.55 
(0.63)
 1.41 
(1.14)
 3.62 
WEICX  0.50  0.21  0.21  0.68  0.00 
(0.67)
 1.29 
(0.88)
 2.93 
WEIAX  0.53  0.25  0.15 (2.55) 0.00 
(0.68)
 1.31 
(0.95)
 2.87 
WEIMX  0.86  0.15  0.14  0.29  0.68 
(1.00)
 2.28 
(1.67)
 4.88 
WEMMX  0.82  0.15  0.13  0.29  0.67 
(0.97)
 2.28 
(1.59)
 4.88 

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