Westwood Smallcap Correlations

Mutual Funds . USA . 
Fund . Westwood Smallcap Value
WHGSX Fund  USD 20.49  0.12  0.58%   
The current 90-days correlation between Westwood Smallcap Value and Westwood Short Duration is 0.78 (i.e., Poor diversification). The correlation of Westwood Smallcap 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 Smallcap Correlation With Market

Poor diversification

The correlation between Westwood Smallcap Value and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Smallcap 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 Smallcap 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 state.

Moving together with WESTWOOD Mutual Fund

  0.97WSDAX Westwood Short DurationPairCorr
  0.98WWICX Westwood Income OppoPairCorr
  0.98WWIAX Westwood Income OppoPairCorr
  0.96WWLAX Westwood Largecap ValuePairCorr
  0.99WWMCX Ultimus Managers TrustPairCorr
  1.0WWSMX Westwood Quality SmidcapPairCorr
  1.0WWSYX Westwood Quality SmallcapPairCorr
  0.98WHGQX Westwood Quality ValuePairCorr
  1.0WHGCX Westwood Quality SmallcapPairCorr
  0.98WHGAX Westwood Quality SmallcapPairCorr
  1.0WHGMX Westwood SmidcapPairCorr
  0.98WHGLX Westwood Largecap ValuePairCorr
  0.97WHGIX Westwood Income OppoPairCorr
  0.97WHGHX Westwood Short DurationPairCorr
  0.94WMNUX Westwood Market NeutralPairCorr
  0.94WMNAX Westwood AlternativePairCorr
  0.94WMNIX Westwood Market NeutralPairCorr
  0.98WQAIX Westwood Quality AllcapPairCorr
  0.98WQAUX Westwood Quality AllcapPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  1.0FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.95PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.68NXJ Nuveen New JerseyPairCorr
  0.91PCF Putnam High IncomePairCorr
  0.98EKSRX Wells Fargo DiversifiedPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr

Moving against WESTWOOD Mutual Fund

  0.55XNBHX Neuberger Berman IntPairCorr
  0.46XDSMX Dreyfus StrategicPairCorr

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 Smallcap 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 Smallcap'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  0.55  0.11 (0.03)(1.40) 0.57 
(0.63)
 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 

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