Westwood Smallcap Correlations

Mutual Funds . USA . 
Fund . Westwood Smallcap Value
WHGSX Fund  USD 23.50  0.09  0.38%   
The current 90-days correlation between Westwood Smallcap Value and Westwood Smidcap Fund is 0.96 (i.e., Almost no diversification). The correlation of Westwood Smallcap 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 Smallcap Correlation With Market

Significant diversification

The correlation between Westwood Smallcap Value and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westwood Smallcap Value 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 Smallcap Value. 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 state.

Moving together with Westwood Mutual Fund

  0.92WSDAX Westwood Short DurationPairCorr
  0.92WWIAX Westwood Income OppoPairCorr
  0.87WWMCX Ultimus Managers TrustPairCorr
  0.95WWSMX Westwood Quality SmidcapPairCorr
  1.0WWSYX Westwood Quality SmallcapPairCorr
  0.86WHGCX Westwood Quality SmallcapPairCorr
  1.0WHGAX Westwood Quality SmallcapPairCorr
  0.95WHGMX Westwood SmidcapPairCorr
  0.94WHGLX Westwood Largecap ValuePairCorr
  0.92WHGIX Westwood Income OppoPairCorr
  0.67WMNIX Westwood Market NeutralPairCorr
  0.85VSMAX Vanguard Small CapPairCorr
  0.85VSCIX Vanguard Small CapPairCorr
  0.85VSCPX Vanguard Small CapPairCorr
  0.96NAESX Vanguard Small CapPairCorr
  0.86FSSNX Fidelity Small CapPairCorr
  0.86DFSTX Us Small CapPairCorr
  0.84PASVX T Rowe PricePairCorr
  0.86PRVIX T Rowe PricePairCorr
  0.86TRZVX T Rowe PricePairCorr
  0.84PRSVX T Rowe PricePairCorr
  0.66VFIAX Vanguard 500 IndexPairCorr
  0.64BDJ Blackrock Enhanced EquityPairCorr
  0.66VFINX Vanguard 500 IndexPairCorr
  0.71CII Blackrock EnhancedPairCorr
  0.64CSCO Cisco Systems Aggressive PushPairCorr
  0.63AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.64INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Westwood Mutual Fund

  0.45NHS Neuberger Berman HighPairCorr
  0.54KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.49MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westwood Mutual Fund performing well and Westwood Smallcap 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 Smallcap'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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