Old Westbury Correlations

Mutual Funds . USA . 
Fund . Old Westbury Small
OWSMX Fund  USD 17.19  0.18  1.06%   
The current 90-days correlation between Old Westbury Small and Scharf Global Opportunity is 0.83 (i.e., Very poor diversification). The correlation of Old Westbury 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.

Old Westbury Correlation With Market

Very poor diversification

The correlation between Old Westbury Small and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Westbury Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Westbury Small. 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 population.

Moving together with Old Mutual Fund

  0.83OWACX Old Westbury AllPairCorr
  0.85OWLSX Old Westbury LargePairCorr
  0.85FSWFX American Funds SmallcapPairCorr
  0.85FSFWX American Funds SmallcapPairCorr
  0.91SCWCX American Fds SmallcapPairCorr
  0.92SCWFX Smallcap WorldPairCorr
  0.84SMCWX Smallcap WorldPairCorr
  0.92CSPFX Smallcap WorldPairCorr
  0.92CSPAX Smallcap WorldPairCorr
  0.92CSPEX Smallcap WorldPairCorr
  0.84RSLCX Smallcap WorldPairCorr
  0.93RLLGX Smallcap WorldPairCorr
  0.85FTYPX Fidelity Freedom IndexPairCorr
  0.84FFBTX Fidelity Freedom BlendPairCorr
  0.87GCAVX Gmo Small CapPairCorr
  0.87GQLOX Gmo Quality FundPairCorr
  0.74GHVIX Gmo High YieldPairCorr
  0.84GMCQX Gmo Equity AllocationPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.67RIV Rivernorth OpportunitiesPairCorr
  0.79LTFOX Lord Abbett AffiliatedPairCorr
  0.85SCRYX Small Cap CorePairCorr
  0.77FEMDX Franklin Emerging MarketPairCorr
  0.84FBALX Fidelity BalancedPairCorr
  0.73RQECX Resq Dynamic AllocationPairCorr
  0.84LLPFX Longleaf PartnersPairCorr
  0.8GAB Gabelli Equity TrustPairCorr
  0.86INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.8AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Old Mutual Fund

  0.59GABFX Gmo Asset AllocationPairCorr
  0.41OWCIX Old Westbury CreditPairCorr
  0.61JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.51BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.47KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Old Mutual Fund performing well and Old Westbury 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 Old Westbury'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY