Weitz Balanced Correlations

Mutual Funds . USA . 
Fund . Weitz Balanced
WBAIX Fund  USD 16.70  0.05  0.30%   
The current 90-days correlation between Weitz Balanced and Nebraska Tax Free Income is 0.12 (i.e., Average 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

Very poor diversification

The correlation between Weitz Balanced and DJI is 0.85 (i.e., Very poor 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

  0.76SAFEX Weitz Ultra ShortPairCorr
  0.75WSHNX Short Duration IncomePairCorr
  0.94WBALX Balanced Fund BalancedPairCorr
  0.93WVAIX Value Fund ValuePairCorr
  0.89WVALX Value Fund ValuePairCorr
  0.73WEFIX Short Duration IncomePairCorr
  0.71WNTFX Nebraska Tax FreePairCorr
  0.85WPOIX Partners Iii OpportunityPairCorr
  0.9WPOPX Partners Iii OpportunityPairCorr
  0.91WPVLX Partners ValuePairCorr
  0.95WPVIX Partners ValuePairCorr
  0.68VWIAX Vanguard Wellesley IncomePairCorr
  0.68VWINX Vanguard Wellesley IncomePairCorr
  0.78BKMIX Blackrock Multi AssetPairCorr
  0.88HBLTX Hartford BalancedPairCorr
  0.88HBLRX Hartford BalancedPairCorr
  0.88HBLSX Hartford BalancedPairCorr
  0.88HBLVX Hartford BalancedPairCorr
  0.87HBLFX Hartford BalancedPairCorr
  0.88HBLYX Hartford BalancedPairCorr
  0.88HBLCX Hartford BalancedPairCorr
  0.71GAAKX Gmo Alternative AlloPairCorr
  0.71GAAGX Gmo Alternative AlloPairCorr
  0.82GPMFX Guidepath Managed FuturesPairCorr
  0.78PQTAX Pimco Trends ManagedPairCorr
  0.79PQTNX Pimco Trends ManagedPairCorr
  0.79PQTIX Aa Pimco TrPairCorr
  0.64WARCX Wells Fargo AdvantagePairCorr
  0.73VVIAX Vanguard Value IndexPairCorr
  0.87PPQAX Pimco Realpath BlendPairCorr
  0.75UNPIX UltrainternationalPairCorr
  0.67GLECX Goldman Sachs MlpPairCorr
  0.71JCCSX Alps/corecommodityPairCorr

Related Correlations Analysis


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.

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