Westwood Largecap Correlations

Mutual Funds . USA . 
Fund . Westwood Largecap Value
WHGLX Fund  USD 13.89  0.01  0.07%   
The current 90-days correlation between Westwood Largecap Value and Westwood Short Duration is 0.84 (i.e., Very poor diversification). The correlation of Westwood Largecap 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 Largecap Correlation With Market

Almost no diversification

The correlation between Westwood Largecap Value and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Largecap Value 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 Largecap Value. 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 bureau of economic analysis.

Moving together with Westwood Mutual Fund

  0.97WSDAX Westwood Short DurationPairCorr
  0.99WWICX Westwood Income OppoPairCorr
  0.98WWIAX Westwood Income OppoPairCorr
  1.0WWLAX Westwood Largecap ValuePairCorr
  0.99WWMCX Ultimus Managers TrustPairCorr
  0.99WWSMX Westwood Quality SmidcapPairCorr
  0.98WWSYX Westwood Quality SmallcapPairCorr
  0.98WHGSX Westwood Smallcap ValuePairCorr
  1.0WHGQX Westwood Quality ValuePairCorr
  0.98WHGCX Westwood Quality SmallcapPairCorr
  0.98WHGAX Westwood Quality SmallcapPairCorr
  0.99WHGMX Westwood SmidcapPairCorr
  0.98WHGIX Westwood Income OppoPairCorr
  0.97WHGHX 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
  1.0VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  1.0VIVAX Vanguard Value IndexPairCorr
  0.96PDI Pimco Dynamic IncomePairCorr
  0.93FTCAX Templeton Strained BondPairCorr
  0.97ROGSX Red Oak TechnologyPairCorr

Moving against Westwood Mutual Fund

  0.96UIPIX Ultrashort Mid CapPairCorr
  0.95USPSX Profunds UltrashortPairCorr
  0.95USPIX Profunds UltrashortPairCorr
  0.75TCTGX Transamerica CleartrackPairCorr
  0.75TCTJX Transamerica CleartrackPairCorr
  0.74TDKTX Cleartrack 2015 ClassPairCorr
  0.72TCSUX Cleartrack 2020 ClassPairCorr

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 Largecap 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 Largecap'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
WSDAX  0.23  0.05 (0.11) 0.31  0.00 
(0.29)
 0.75 
(0.40)
 1.77 
WWICX  0.33  0.05 (0.05) 0.25  0.17 
(0.39)
 0.88 
(0.74)
 2.37 
WWIAX  0.33  0.05 (0.04) 0.25  0.22 
(0.38)
 0.87 
(0.67)
 2.45 
WWLAX  0.53  0.00 (0.05) 0.12  0.57 
(0.60)
 1.44 
(1.21)
 3.69 
WWMCX  0.65  0.09  0.07  0.24  0.55 
(0.75)
 1.89 
(1.15)
 4.37 
WWSMX  0.75  0.10  0.09  0.24  0.67 
(0.86)
 2.19 
(1.39)
 5.63 
WWSYX  0.93  0.12  0.12  0.25  0.75 
(1.19)
 2.47 
(1.60)
 6.54 
WHGSX  0.92  0.12  0.12  0.25  0.74 
(1.15)
 2.47 
(1.60)
 6.49 
WHGQX  0.54  0.00 (0.05) 0.13  0.58 
(0.59)
 1.38 
(1.22)
 3.65 
WHGCX  0.92  0.12  0.11  0.25  0.77 
(1.18)
 2.46 
(1.63)
 6.46 

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