Westwood Income Correlations

Mutual Funds . USA . 
Fund . Westwood Income Opportunity
WHGIX Fund  USD 12.31  0.04  0.33%   
The current 90-days correlation between Westwood Income Oppo and Berwyn Income Fund is 0.56 (i.e., Very weak diversification). The correlation of Westwood Income 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.

Westwood Income Correlation With Market

Very poor diversification

The correlation between Westwood Income Opportunity and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Income Opportunity 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 Westwood Income Opportunity. 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 WESTWOOD Mutual Fund

  0.98WSDAX Westwood Short DurationPairCorr
  0.98WWICX Westwood Income OppoPairCorr
  0.98WWIAX Westwood Income OppoPairCorr
  0.96WWLAX Westwood Largecap ValuePairCorr
  0.97WWMCX Ultimus Managers TrustPairCorr
  0.98WWSMX Westwood Quality SmidcapPairCorr
  0.97WWSYX Westwood Quality SmallcapPairCorr
  0.96WHGSX Westwood Smallcap ValuePairCorr
  0.98WHGQX Westwood Quality ValuePairCorr
  0.95WHGCX Westwood Quality SmallcapPairCorr
  0.96WHGAX Westwood Quality SmallcapPairCorr
  0.98WHGMX Westwood SmidcapPairCorr
  0.96WHGLX Westwood Largecap ValuePairCorr
  1.0WHGHX Westwood Short DurationPairCorr
  0.94WMNUX Westwood Market NeutralPairCorr
  0.94WMNAX Westwood AlternativePairCorr
  0.94WMNIX Westwood Market NeutralPairCorr
  0.99WQAIX Westwood Quality AllcapPairCorr
  0.99WQAUX Westwood Quality AllcapPairCorr
  0.99VWINX Vanguard Wellesley IncomePairCorr
  0.99VWIAX Vanguard Wellesley IncomePairCorr
  0.96BKMIX Blackrock Multi AssetPairCorr
  0.97HBLTX Hartford BalancedPairCorr
  0.99HBLRX Hartford BalancedPairCorr
  0.99HBLSX Hartford BalancedPairCorr
  0.99HBLVX Hartford BalancedPairCorr
  0.97HBLYX Hartford BalancedPairCorr
  0.99HBLCX Hartford BalancedPairCorr
  0.97HBLIX Hartford BalancedPairCorr
  0.85MGGYX Mirova Global GreenPairCorr
  0.98HLDIX Hartford EmergingPairCorr
  0.97HLDRX Hartford EmergingPairCorr
  0.98HLDAX Hartford EmergingPairCorr
  0.98HLDCX Hartford EmergingPairCorr
  0.98HLDTX Hartford EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between WESTWOOD Mutual Fund performing well and Westwood Income 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 Westwood Income'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY