Westwood Quality Correlations

Mutual Funds . USA . 
Fund . Westwood Quality Smallcap
WWSYX Fund  USD 20.66  0.23  1.13%   
The current 90-days correlation between Westwood Quality Smallcap and Westwood Short Duration is 0.78 (i.e., Poor diversification). The correlation of Westwood Quality 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 Quality Correlation With Market

Good diversification

The correlation between Westwood Quality Smallcap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Quality Smallcap 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 Quality Smallcap. 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 manufacturing.

Moving together with Westwood Mutual Fund

  0.97WSDAX Westwood Short DurationPairCorr
  0.98WWICX Westwood Income OppoPairCorr
  0.98WWIAX Westwood Income OppoPairCorr
  0.98WWLAX Westwood Largecap ValuePairCorr
  0.97WWMCX Ultimus Managers TrustPairCorr
  0.97WWSMX Westwood Quality SmidcapPairCorr
  1.0WHGSX Westwood Smallcap ValuePairCorr
  0.98WHGQX Westwood Quality ValuePairCorr
  1.0WHGCX Westwood Quality SmallcapPairCorr
  0.97WHGAX Westwood Quality SmallcapPairCorr
  1.0WHGMX Westwood SmidcapPairCorr
  0.98WHGLX Westwood Largecap ValuePairCorr
  0.96WHGIX 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
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.97FSSNX Fidelity Small CapPairCorr
  0.96DFSTX Us Small CapPairCorr
  0.96PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.96PRSVX T Rowe PricePairCorr
  0.94PFN Pimco Income StrategyPairCorr
  0.93CIF Mfs Intermediate HighPairCorr
  0.9PCF Putnam High IncomePairCorr
  0.97EKSRX Wells Fargo DiversifiedPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr

Moving against Westwood Mutual Fund

  0.58XNBHX Neuberger Berman IntPairCorr
  0.55XDSMX 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 Quality 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 Quality'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  0.10 (0.21)(1.63) 0.00 
(0.29)
 0.75 
(0.40)
 1.77 
WWICX  0.33  0.11 (0.12)(2.21) 0.18 
(0.39)
 0.88 
(0.74)
 2.37 
WWIAX  0.33  0.11 (0.11)(2.32) 0.23 
(0.38)
 0.87 
(0.67)
 2.45 
WWLAX  0.53  0.11 (0.09)(1.15) 0.57 
(0.59)
 1.44 
(1.21)
 3.69 
WWMCX  0.65  0.18  0.03  1.91  0.55 
(0.75)
 1.89 
(1.15)
 4.37 
WWSMX  0.76  0.09  0.08  0.27  0.66 
(0.87)
 2.19 
(1.39)
 5.63 
WWSYX  0.93  0.28  0.08 (1.45) 0.75 
(1.19)
 2.47 
(1.60)
 6.54 
WHGSX  0.92  0.28  0.08 (1.48) 0.74 
(1.15)
 2.47 
(1.60)
 6.49 
WHGQX  0.53  0.11 (0.09)(1.38) 0.58 
(0.58)
 1.38 
(1.22)
 3.65 
WHGCX  0.92  0.28  0.08 (1.44) 0.77 
(1.18)
 2.46 
(1.63)
 6.46 

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