Westwood Short Correlations

Mutual Funds . USA . 
Fund . Westwood Short Duration
WSDAX Fund  USD 10.01  0.02  0.20%   
The current 90-days correlation between Westwood Short Duration and Westwood Income Opportunity is 0.94 (i.e., Almost no diversification). The correlation of Westwood Short 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 Short Correlation With Market

Very poor diversification

The correlation between Westwood Short Duration and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Short Duration 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 Short Duration. 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 nation.

Moving together with Westwood Mutual Fund

  1.0WWICX Westwood Income OppoPairCorr
  1.0WWIAX Westwood Income OppoPairCorr
  0.97WWLAX Westwood Largecap ValuePairCorr
  0.98WWMCX Ultimus Managers TrustPairCorr
  0.98WWSMX Westwood Quality SmidcapPairCorr
  0.97WWSYX Westwood Quality SmallcapPairCorr
  0.97WHGSX Westwood Smallcap ValuePairCorr
  0.97WHGQX Westwood Quality ValuePairCorr
  0.97WHGCX Westwood Quality SmallcapPairCorr
  0.97WHGAX Westwood Quality SmallcapPairCorr
  0.98WHGMX Westwood SmidcapPairCorr
  0.97WHGLX Westwood Largecap ValuePairCorr
  1.0WHGIX Westwood Income OppoPairCorr
  1.0WHGHX Westwood Short DurationPairCorr
  0.93WMNUX Westwood Market NeutralPairCorr
  0.93WMNAX Westwood AlternativePairCorr
  0.93WMNIX Westwood Market NeutralPairCorr
  0.98WQAIX Westwood Quality AllcapPairCorr
  0.98WQAUX Westwood Quality AllcapPairCorr
  0.99FASIX Fidelity Asset ManagerPairCorr
  0.99FTIWX Fidelity Asset ManagerPairCorr
  0.99FTDWX Fidelity Asset ManagerPairCorr
  0.98FTAWX Fidelity Asset ManagerPairCorr
  0.99FIKVX Fidelity Asset ManagerPairCorr
  0.99FTCWX Fidelity Asset ManagerPairCorr
  0.98VASIX Vanguard LifestrategyPairCorr
  0.99PFIPX Strategic Asset ManaPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.99PRXIX T Rowe PricePairCorr
  0.79BGY Blackrock InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westwood Mutual Fund performing well and Westwood Short 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 Short'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 
WWSMX  0.75  0.10  0.09  0.24  0.67 
(0.86)
 2.19 
(1.39)
 5.63 
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 
WHGAX  0.92  0.12  0.12  0.25  0.76 
(1.15)
 2.48 
(1.60)
 6.51 
WHGMX  0.74  0.10  0.09  0.24  0.67 
(0.86)
 2.11 
(1.39)
 5.62 
WHGLX  0.53  0.00 (0.05) 0.13  0.58 
(0.60)
 1.37 
(1.22)
 3.71 

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