Weitz Balanced Correlations

WBAIX Fund

USD 16.81 0.01 0.06%

The current 90-days correlation between Weitz Balanced and Us Government Securities is 0.4 (i.e., Very weak diversification). The correlation of Weitz Balanced 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.

Weitz Balanced Correlation With Market

Almost no diversification

The correlation between Weitz Balanced and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Weitz 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 Weitz 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 Weitz Mutual Fund

0.86	SAFEX	Weitz Ultra Short	Pair Corr
0.89	WSHNX	Short Duration Income	Pair Corr
1.0	WBALX	Balanced Fund Balanced	Pair Corr
0.75	WCPBX	Core Plus Income	Pair Corr
0.75	WCPNX	Core Plus Income	Pair Corr
0.98	WVAIX	Value Fund Value	Pair Corr
0.98	WVALX	Value Fund Value	Pair Corr
0.89	WEFIX	Short Duration Income	Pair Corr
0.87	WNTFX	Nebraska Tax Free	Pair Corr
0.98	WPOIX	Partners Iii Opportunity	Pair Corr
0.98	WPOPX	Partners Iii Opportunity	Pair Corr
0.99	WPVLX	Partners Value	Pair Corr
0.99	WPVIX	Partners Value	Pair Corr
0.94	VWIAX	Vanguard Wellesley Income	Pair Corr
0.92	VWINX	Vanguard Wellesley Income	Pair Corr
0.87	BKMIX	Blackrock Multi Asset	Pair Corr
0.94	HBLTX	Hartford Balanced	Pair Corr
0.94	HBLRX	Hartford Balanced	Pair Corr
0.94	HBLSX	Hartford Balanced	Pair Corr
0.94	HBLVX	Hartford Balanced	Pair Corr
0.94	HBLFX	Hartford Balanced	Pair Corr
0.94	HBLYX	Hartford Balanced	Pair Corr
0.94	HBLCX	Hartford Balanced	Pair Corr
0.69	PFN	Pimco Income Strategy	Pair Corr
0.89	FGRTX	Fidelity Mega Cap	Pair Corr
0.9	CAIBX	Capital Income Builder	Pair Corr
0.92	WRAIX	Wilmington Global Alpha	Pair Corr
0.96	DMSZX	Destinations Multi	Pair Corr
0.86	PLFIX	Largecap Sp 500	Pair Corr
0.81	VSGIX	Vanguard Small Cap	Pair Corr
0.85	SIVLX	Seafarer Overseas Value	Pair Corr

Moving against Weitz Mutual Fund

0.78	XNBHX	Neuberger Berman Int	Pair Corr
0.71	XNXJX	Nuveen New Jersey	Pair Corr
0.66	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	RGVCX	RGVJX	SSAGX	RGVAX	USGFX	MXGMX	TWUSX	UGSFX
RGVCX		0.96	0.46	0.97	0.95	0.81	0.63	0.97	RGVCX
RGVJX	0.96		0.62	0.97	0.98	0.78	0.77	0.99	RGVJX
SSAGX	0.46	0.62		0.44	0.64	0.49	0.93	0.57	SSAGX
RGVAX	0.97	0.97	0.44		0.96	0.79	0.61	0.98	RGVAX
USGFX	0.95	0.98	0.64	0.96		0.8	0.77	0.98	USGFX
MXGMX	0.81	0.78	0.49	0.79	0.8		0.53	0.81	MXGMX
TWUSX	0.63	0.77	0.93	0.61	0.77	0.53		0.72	TWUSX
UGSFX	0.97	0.99	0.57	0.98	0.98	0.81	0.72		UGSFX
	RGVCX	RGVJX	SSAGX	RGVAX	USGFX	MXGMX	TWUSX	UGSFX

Risk-Adjusted Indicators

There is a big difference between Weitz Mutual Fund performing well and Weitz Balanced 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 Weitz Balanced'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
RGVCX	0.13	(0.01)	(0.32)	(0.18)	0.16	(0.15)	0.25	(0.25)	0.66
RGVJX	0.12	(0.01)	(0.29)	(0.19)	0.15	(0.15)	0.25	(0.25)	0.66
SSAGX	0.05	0.01	0.00	5.62	0.00	0.00	0.10	(0.10)	0.51
RGVAX	0.12	(0.01)	0.00	(0.30)	0.00	0.00	0.25	(0.25)	0.58
USGFX	0.13	(0.01)	(0.30)	(0.14)	0.15	(0.15)	0.25	(0.25)	0.66
MXGMX	0.14	(0.01)	(0.25)	(0.10)	0.17	(0.17)	0.27	(0.27)	0.72
TWUSX	0.05	0.00	(0.45)	0.01	0.00	(0.14)	0.11	(0.11)	0.44
UGSFX	0.13	(0.01)	(0.29)	(0.22)	0.16	(0.15)	0.25	(0.25)	0.58

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