Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Small
WWSIX Fund  USD 23.21  0.15  0.64%   
The current 90-days correlation between Teton Westwood Small and The Gabelli Small is 0.94 (i.e., Almost no 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

Very poor diversification

The correlation between Teton Westwood Small and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Small 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 Small. 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

  0.97WBBIX Teton Westwood BalancedPairCorr
  0.95WEBAX Teton Westwood BalancedPairCorr
  0.95WEECX Teton Westwood EquityPairCorr
  0.97WEIAX Teton Vertible SecuritiesPairCorr
  0.99WEIMX Teton Westwood MightyPairCorr
  0.99WEMMX Teton Westwood MightyPairCorr
  0.98WESWX Teton Westwood EquityPairCorr
  0.98WESRX Teton Vertible SecuritiesPairCorr
  1.0WESCX Teton Westwood SmallPairCorr
  0.98WESIX Teton Vertible SecuritiesPairCorr
  0.99WMMCX Teton Westwood MightyPairCorr
  0.97WMMAX Teton Westwood MightyPairCorr
  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
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.95VTISX Vanguard Total InterPairCorr
  0.95VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.96FTZFX Fuller Thaler BehavioralPairCorr
  0.97ETIMX Eventide Multi AssetPairCorr
  0.98TEMUX Emerging Markets EquityPairCorr
  0.91GPPSX Goldman Sachs ShortPairCorr
  0.92KAMCX Kensington Managed IncomePairCorr
  0.72GLEAX Goldman Sachs MlpPairCorr
  0.93JIESX Jpmorgan InternationalPairCorr

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.

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