Teton Westwood Correlations

Mutual Funds . USA . 
Fund . Teton Westwood Equity
WESWX Fund  USD 11.42  0.03  0.26%   
The current 90-days correlation between Teton Westwood Equity and Teton Westwood Balanced is -0.08 (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 0.52 (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 housing.

Moving together with Teton Mutual Fund

  0.97WBCCX Teton Westwood BalancedPairCorr
  0.98WEBCX Teton Westwood BalancedPairCorr
  0.88WEBAX Teton Westwood BalancedPairCorr
  1.0WEECX Teton Westwood EquityPairCorr
  1.0WEEIX Teton Westwood EquityPairCorr
  1.0WEQCX Teton Westwood EquityPairCorr
  0.96WESCX Teton Westwood SmallPairCorr
  0.96WWSAX Teton Westwood SmallPairCorr
  0.96WWSIX Teton Westwood SmallPairCorr
  0.96WWSCX Teton Westwood SmallPairCorr

Moving against Teton Mutual Fund

  0.36GAB Gabelli Equity TrustPairCorr
  0.35TNHIX 1290 High YieldPairCorr

Related Correlations Analysis

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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   
WEMMX
+ 0.93
GABAX
WESCX
+ 0.83
WEBAX
GABSX
+ 0.58
GABAX
GABSX
+ 0.44
WEMMX
GABSX
+ 0.05
WEBAX
  
High negative correlations   
GABSX
- 0.2
WESCX
GABAX
- 0.19
WESCX
GABAX
- 0.19
WEBAX
WEMMX
- 0.16
WEBAX
WEMMX
- 0.1
WESCX

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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