Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Equity
WEQCX Fund  USD 10.38  0.06  0.57%   
The current 90-days correlation between Teton Westwood Equity and Mutual Of America is -0.06 (i.e., Good 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 weak diversification

The correlation between Teton Westwood Equity and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teton Westwood Equity 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 Equity. 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 main economic indicators.

Moving together with Teton Mutual Fund

  0.96WBBIX Teton Westwood BalancedPairCorr
  0.96WBCCX Teton Westwood BalancedPairCorr
  0.96WEBCX Teton Westwood BalancedPairCorr
  0.8WEBAX Teton Westwood BalancedPairCorr
  1.0WEECX Teton Westwood EquityPairCorr
  1.0WEEIX Teton Westwood EquityPairCorr
  1.0WESWX Teton Westwood EquityPairCorr
  0.93WESCX Teton Westwood SmallPairCorr
  0.93WWSAX Teton Westwood SmallPairCorr
  0.93WWSIX Teton Westwood SmallPairCorr
  0.93WWSCX Teton Westwood SmallPairCorr

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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