Teton Westwood Correlations

WBBIX Fund

USD 10.32 0.01 0.1%

The current 90-days correlation between Teton Westwood Balanced and Teton Westwood Equity is 0.54 (i.e., Very weak 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

Almost no diversification

The correlation between Teton Westwood Balanced and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Balanced 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 Balanced. 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

0.9	WEICX	Teton Vertible Securities	Pair Corr
0.9	WEIAX	Teton Vertible Securities	Pair Corr
0.95	WEIMX	Teton Westwood Mighty	Pair Corr
0.95	WEMMX	Teton Westwood Mighty	Pair Corr
0.9	WESRX	Teton Vertible Securities	Pair Corr
0.9	WESIX	Teton Vertible Securities	Pair Corr
0.95	WMMCX	Teton Westwood Mighty	Pair Corr
0.95	WMMAX	Teton Westwood Mighty	Pair Corr
0.81	FBONX	American Funds American	Pair Corr
0.81	FBAFX	American Funds American	Pair Corr
0.88	ABALX	American Balanced	Pair Corr
0.8	BALCX	American Balanced	Pair Corr
0.88	BALFX	American Balanced	Pair Corr
0.88	RLBCX	American Balanced	Pair Corr
0.88	RLBBX	American Balanced	Pair Corr
0.88	CLBAX	American Balanced	Pair Corr
0.88	CLBEX	American Balanced	Pair Corr
0.81	RLBFX	American Balanced	Pair Corr
0.97	WWLAX	Westwood Largecap Value	Pair Corr
0.85	FTRNX	Fidelity Trend	Pair Corr
0.92	PLFIX	Largecap Sp 500	Pair Corr
0.91	AMEIX	Equity Growth	Pair Corr
0.85	ANPRX	Allianzgi Nfj Mid	Pair Corr
0.77	BDJ	Blackrock Enhanced Equity	Pair Corr
0.81	FCNTX	Fidelity Contrafund	Pair Corr

Moving against Teton Mutual Fund

0.51	NHS	Neuberger Berman High	Pair Corr
0.44	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	WESWX	PAXWX	VALIX	WESCX	GABEX
WESWX		-0.35	-0.14	0.96	-0.09	WESWX
PAXWX	-0.35		0.25	-0.43	0.54	PAXWX
VALIX	-0.14	0.25		-0.17	0.86	VALIX
WESCX	0.96	-0.43	-0.17		-0.21	WESCX
GABEX	-0.09	0.54	0.86	-0.21		GABEX
	WESWX	PAXWX	VALIX	WESCX	GABEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WESCX	+ 0.96	WESWX
GABEX	+ 0.86	VALIX
GABEX	+ 0.54	PAXWX
VALIX	+ 0.25	PAXWX

High negative correlations

WESCX	- 0.43	PAXWX
PAXWX	- 0.35	WESWX
GABEX	- 0.21	WESCX
WESCX	- 0.17	VALIX
VALIX	- 0.14	WESWX
GABEX	- 0.09	WESWX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WESWX	0.63	(0.16)	0.00	(0.08)	0.00	0.00	1.14	(0.83)	10.53
PAXWX	0.36	0.03	(0.18)	0.60	0.36	(0.40)	0.68	(0.70)	2.21
VALIX	0.62	0.15	0.15	0.34	0.33	(0.76)	1.60	(0.91)	3.97
WESCX	1.18	(0.23)	0.00	(0.05)	0.00	0.00	2.24	(1.27)	27.82
GABEX	0.52	0.01	(0.03)	0.12	0.28	(0.74)	1.11	(0.79)	4.10

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